Is Prince 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
Since last year, Prince William County has remained a Seller's Market.
Key Takeaway
Prince William County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Prince William County, VA
How much do homes in Prince William County, VA cost?
Median Sold Price
$530,109
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Prince William County have sold for 6% more than they did a year ago.
Summary: The median home sold price in Prince William County was $530,109 in April 2024, up 6% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $203K | +4.1% |
| 2 Bedrooms | $338.7K | $365K | +7.7% |
| 3 Bedrooms | $428.4K | $456.5K | +6.6% |
| 4 Bedrooms | $589.5K | $630.4K | +6.9% |
| 5+ Bedrooms | $724.9K | $757.9K | +4.5% |
Summary: Prince William County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Counties
| Fauquier County | $501.5K | $589.3K | +17.5% |
| Fairfax County | $651.2K | $690.6K | +6.1% |
| Prince William County | $500K | $530.1K | +6.0% |
| Loudoun County | $665.7K | $697.7K | +4.8% |
| Stafford County | $489.9K | $504K | +2.9% |
Housing Supply in Prince William County, VA
How many homes are available in Prince William County, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 990 | 1,260 | +27.3% |
Summary: The Prince William County real estate market had 1,260 homes for sale in April 2024, a 27.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 8 | +100.0% |
| 2 Bedrooms | 87 | 113 | +29.9% |
| 3 Bedrooms | 366 | 443 | +21.0% |
| 4 Bedrooms | 337 | 453 | +34.4% |
| 5+ Bedrooms | 196 | 243 | +24.0% |
Summary: The Prince William County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 29.9%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes increased by 24%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 366 | 395 | +7.9% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
67 Homes Were Sold
At Asking
281 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prince William County, you could pay more than the asking price. 71.1% of homes here sold above asking price last month.
Summary: A total of 395 homes were sold or pending in Prince William County in April 2024, up by 7.9% month-over-month. Of the 395 sold homes, 12% were sold under asking, 17% were sold at asking, and 71% were sold over asking.
Days on Market for Prince William County, VA
How long does it take to sell a home in Prince William County, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 9 Days | -30.2% |
Summary: Homes in Prince William County had an average of 9 days on market in Apr 2024, down by 30.2% compared to last year.
Breakdown of Home Sale Times
374 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Prince William County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 395 homes were sold in Prince William County; 95% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.