Is Prince William County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Prince William County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Prince William County has remained a Seller's Market.

Key Takeaway

Prince William County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Prince William County, VA

How much do homes in Prince William County, VA cost?

Median Sold Price

$525,460

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$23,628(+4.7%)

Key Takeaway

Homes in Prince William County have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Prince William County was $525,460 in March 2024, up 4.7% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $195K$201.5K
+3.3%
2 $333K$365K
+9.6%
3 $427.6K$450.2K
+5.3%
4 $599.1K$625K
+4.3%
5+ $724.9K$753K
+3.9%

Summary: Prince William County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 3.9%.

Median Sold Price Compared To Nearby Counties

Fauquier County
+13.9%
Fairfax County
+5.2%
Prince William County
+4.7%
Loudoun County
+3.3%
Stafford County
+2.0%

Housing Supply in Prince William County, VA

How many homes are available in Prince William County, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,6401,758+7.2%

Summary: The Prince William County real estate market had 1,758 homes for sale in March 2024, a 7.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 910
+11.1%
2 115123
+7.0%
3 553603
+9.0%
4 591614
+3.9%
5+ 372408
+9.7%

Summary: The Prince William County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 9.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
320316-1.3%

Asking Price vs. Sold Price

60 Homes Were Sold
Under Asking

70 Homes Were Sold
At Asking

186 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Prince William County, you could pay more than the asking price. 58.9% of homes here sold above asking price last month.

Summary: A total of 316 homes were sold or pending in Prince William County in March 2024, down by 1.3% month-over-month. Of the 316 sold homes, 19% were sold under asking, 22% were sold at asking, and 59% were sold over asking.

Days on Market for Prince William County, VA

How long does it take to sell a home in Prince William County, VA?

Average Sale Time

Mar 2023Mar 2024CHANGE
21 Days16 Days-22.1%

Summary: Homes in Prince William County had an average of 16 days on market in Mar 2024, down by 22.1% compared to last year.

Breakdown of Home Sale Times

274 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Prince William County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 316 homes were sold in Prince William County; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Prince William County, VA

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