Is New Kent 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, New Kent County was a Neutral Market.
Housing Prices in New Kent County, VA
How much do homes in New Kent County, VA cost?
Median Sold Price
$410,357
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Kent County was $410,357 in April 2024, down 1.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $66K | -78.0% |
2 Bedrooms | $286.2K | $238K | -16.9% |
3 Bedrooms | $349.6K | $365.5K | +4.5% |
4 Bedrooms | $450K | $487.2K | +8.3% |
5+ Bedrooms | $538.7K | $590K | +9.5% |
Summary: New Kent County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78%, 2 bedroom homes decreased by 16.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Counties
Charles City County | $265K | $300K | +13.2% |
King and Queen County | $255K | $282.4K | +10.7% |
King William County | $319.8K | $335.3K | +4.8% |
James City County | $455K | $474.9K | +4.4% |
New Kent County | $415K | $410.3K | -1.1% |
Housing Supply in New Kent County, VA
How many homes are available in New Kent County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
205 | 204 | -0.5% |
Summary: The New Kent County real estate market had 204 homes for sale in April 2024, a 0.5% 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 | 10 | 7 | -30.0% |
3 Bedrooms | 87 | 89 | +2.3% |
4 Bedrooms | 74 | 72 | -2.7% |
5+ Bedrooms | 34 | 36 | +5.9% |
Summary: The New Kent 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 30%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 47 | +6.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in New Kent County in April 2024, up by 6.8% month-over-month. Of the 35 sold homes, 20% were sold under asking, 43% were sold at asking, and 37% were sold over asking.
Days on Market for New Kent County, VA
How long does it take to sell a home in New Kent County, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 42 Days | +116.2% |
Summary: Homes in New Kent County had an average of 42 days on market in Apr 2024, up by 116.2% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 47 homes were sold in New Kent County; 60% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.