Is Prince 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, Prince George County has remained a Seller's Market.
Housing Prices in Prince George County, VA
How much do homes in Prince George County, VA cost?
Median Sold Price
$323,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Prince George County was $323,000 in April 2024, up 2.5% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $204K | $259.7K | +27.3% |
3 Bedrooms | $301K | $300K | -0.3% |
4 Bedrooms | $335K | $350K | +4.5% |
5+ Bedrooms | $429.5K | $450K | +4.8% |
Summary: Prince 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 27.3%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Counties
Charles City County | $265K | $300K | +13.2% |
Chesterfield County | $374.8K | $390.8K | +4.3% |
Prince George County | $315K | $323K | +2.5% |
Housing Supply in Prince George County, VA
How many homes are available in Prince George County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 58 | +7.4% |
Summary: The Prince George County real estate market had 58 homes for sale in April 2024, a 7.4% increase 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 | 2 | 2 | 0.0% |
3 Bedrooms | 31 | 32 | +3.2% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Prince 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 remained the same, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Prince George County in April 2024, up by 50.0% month-over-month. Of the 14 sold homes, 21% were sold under asking, 50% were sold at asking, and 29% were sold over asking.
Days on Market for Prince George County, VA
How long does it take to sell a home in Prince George County, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 18 Days | -70.4% |
Summary: Homes in Prince George County had an average of 18 days on market in Apr 2024, down by 70.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Prince George County; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.