Is Prince William County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Prince William County has remained a Seller's Market.
Housing Prices in Prince William County, VA
How much do homes in Prince William County, VA cost?
Median Sold Price
$522,621
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Prince William County was $522,621 in February 2024, up 4.2% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $200K | +2.6% |
2 Bedrooms | $334.8K | $363K | +8.4% |
3 Bedrooms | $429.3K | $450K | +4.8% |
4 Bedrooms | $599.9K | $620.9K | +3.5% |
5+ Bedrooms | $725K | $750K | +3.4% |
Summary: Prince William County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Counties
Fairfax County | $650.8K | $679.6K | +4.4% |
Loudoun County | $660.7K | $690K | +4.4% |
Prince William County | $501.5K | $522.6K | +4.2% |
Fauquier County | $554.9K | $576.6K | +3.9% |
Stafford County | $489.9K | $499.9K | +2.0% |
Housing Supply in Prince William County, VA
How many homes are available in Prince William County, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,498 | 1,617 | +7.9% |
Summary: The Prince William County real estate market had 1,617 homes for sale in February 2024, a 7.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 8 | -11.1% |
2 Bedrooms | 104 | 115 | +10.6% |
3 Bedrooms | 508 | 548 | +7.9% |
4 Bedrooms | 533 | 581 | +9.0% |
5+ Bedrooms | 344 | 365 | +6.1% |
Summary: The Prince William County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
249 | 291 | +16.9% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
77 Homes Were Sold
At Asking
149 Homes Were Sold
Over Asking
Summary: A total of 291 homes were sold or pending in Prince William County in February 2024, up by 16.9% month-over-month. Of the 291 sold homes, 22% were sold under asking, 26% were sold at asking, and 51% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
32 Days | 21 Days | -34.9% |
Summary: Homes in Prince William County had an average of 21 days on market in Feb 2024, down by 34.9% compared to last year.
Breakdown of Home Sale Times
234 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During February 2024, 291 homes were sold in Prince William County; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.