Is King George County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, King George County has remained a Seller's Market.
Key Takeaway
King George County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in King George County, VA
How much do homes in King George County, VA cost?
Median Sold Price
$439,999
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in King George County have sold for 5% more than they did a year ago.
Summary: The median home sold price in King George County was $439,999 in April 2024, up 5% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230.8K | - | N/A |
| 2 Bedrooms | $235K | $244K | +3.8% |
| 3 Bedrooms | $371.2K | $393K | +5.8% |
| 4 Bedrooms | $442.5K | $485K | +9.6% |
| 5+ Bedrooms | $500K | $499.9K | 0% |
Summary: King George County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Essex County | $254.9K | $290K | +13.7% |
| Westmoreland County | $290K | $310K | +6.9% |
| King George County | $418.9K | $439.9K | +5.0% |
| Stafford County | $489.9K | $504K | +2.9% |
| Caroline County | $332.2K | $335K | +0.8% |
Housing Supply in King George County, VA
How many homes are available in King George County, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 124 | 127 | +2.4% |
Summary: The King George County real estate market had 127 homes for sale in April 2024, a 2.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 6 | +500.0% |
| 3 Bedrooms | 50 | 50 | 0.0% |
| 4 Bedrooms | 54 | 52 | -3.7% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The King George County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 500%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 25 | -24.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in King George County, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in King George County in April 2024, down by 24.2% month-over-month. Of the 25 sold homes, 32% were sold under asking, 40% were sold at asking, and 28% were sold over asking.
Days on Market for King George County, VA
How long does it take to sell a home in King George County, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 49 Days | +304.2% |
Summary: Homes in King George County had an average of 49 days on market in Apr 2024, up by 304.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in King George County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in King George County; 68% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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