Is James City County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, James City County was a Buyer's Market.
Housing Prices in James City County, VA
How much do homes in James City County, VA cost?
Median Sold Price
$474,950
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in James City County was $474,950 in April 2024, up 4.4% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $188K | $235K | +25.0% |
2 Bedrooms | $279.8K | $275K | -1.7% |
3 Bedrooms | $363K | $408.7K | +12.6% |
4 Bedrooms | $550K | $594.5K | +8.1% |
5+ Bedrooms | $710K | $749.9K | +5.6% |
Summary: James City County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Counties
Charles City County | $265K | $300K | +13.2% |
Gloucester County | $313.3K | $335.8K | +7.2% |
James City County | $455K | $474.9K | +4.4% |
New Kent County | $415K | $410.3K | -1.1% |
Housing Supply in James City County, VA
How many homes are available in James City County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
568 | 638 | +12.3% |
Summary: The James City County real estate market had 638 homes for sale in April 2024, a 12.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 46 | 59 | +28.3% |
3 Bedrooms | 233 | 263 | +12.9% |
4 Bedrooms | 222 | 229 | +3.2% |
5+ Bedrooms | 63 | 81 | +28.6% |
Summary: The James City County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 28.3%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
140 | 169 | +20.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 169 homes were sold or pending in James City County in April 2024, up by 20.7% month-over-month. Of the 39 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for James City County, VA
How long does it take to sell a home in James City County, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 25 Days | +80.5% |
Summary: Homes in James City County had an average of 25 days on market in Apr 2024, up by 80.5% compared to last year.
Breakdown of Home Sale Times
134 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 169 homes were sold in James City County; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.