Is King William 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, King William County was a Seller's Market.
Housing Prices in King William County, VA
How much do homes in King William County, VA cost?
Median Sold Price
$335,333
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in King William County was $335,333 in April 2024, up 4.8% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $165K | N/A |
2 Bedrooms | $244.9K | $265K | +8.2% |
3 Bedrooms | $309.7K | $330K | +6.5% |
4 Bedrooms | $369.8K | $359K | -2.9% |
5+ Bedrooms | $406.5K | $450K | +10.7% |
Summary: King William 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 8.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Counties
King and Queen County | $255K | $282.4K | +10.7% |
Hanover County | $410K | $434K | +5.8% |
King William County | $319.8K | $335.3K | +4.8% |
Caroline County | $332.2K | $335K | +0.8% |
New Kent County | $415K | $410.3K | -1.1% |
Housing Supply in King William County, VA
How many homes are available in King William County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
168 | 161 | -4.2% |
Summary: The King William County real estate market had 161 homes for sale in April 2024, a 4.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 11 | -26.7% |
3 Bedrooms | 94 | 92 | -2.1% |
4 Bedrooms | 38 | 40 | +5.3% |
5+ Bedrooms | 21 | 18 | -14.3% |
Summary: The King William 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 decreased by 26.7%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 21 | -32.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in King William County in April 2024, down by 32.3% month-over-month. Of the 17 sold homes, 18% were sold under asking, 41% were sold at asking, and 41% were sold over asking.
Days on Market for King William County, VA
How long does it take to sell a home in King William County, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 42 Days | +28.4% |
Summary: Homes in King William County had an average of 42 days on market in Apr 2024, up by 28.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in King William County; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.