Is King and Queen County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, King and Queen County was a Seller's Market.
Housing Prices in King and Queen County, VA
How much do homes in King and Queen County, VA cost?
Median Sold Price
$288,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in King and Queen County was $288,000 in May 2024, up 14.3% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $170K | $224.9K | +32.3% |
3 Bedrooms | $255K | $298.4K | +17.0% |
4 Bedrooms | $190K | $627.5K | +230.3% |
5+ Bedrooms | $480.9K | - | N/A |
Summary: King and Queen County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.3%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 230.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
King and Queen County | $252K | $288K | +14.3% |
Essex County | $255K | $289K | +13.3% |
King William County | $320K | $334.4K | +4.5% |
Caroline County | $325.6K | $338K | +3.8% |
Middlesex County | $365K | $370K | +1.4% |
Housing Supply in King and Queen County, VA
How many homes are available in King and Queen County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 35 | +20.7% |
Summary: The King and Queen County real estate market had 35 homes for sale in May 2024, a 20.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The King and Queen County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in King and Queen County in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for King and Queen County, VA
How long does it take to sell a home in King and Queen County, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 16 Days | +156.4% |
Summary: Homes in King and Queen County had an average of 16 days on market in May 2024, up by 156.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in King and Queen County; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.