Is James City 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, James City County was a Buyer's Market.
Housing Prices in James City County, VA
How much do homes in James City County, VA cost?
Median Sold Price
$470,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in James City County was $470,000 in May 2024, up 2.7% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $188K | $235K | +25.0% |
2 Bedrooms | $279.8K | $280K | 0.1% |
3 Bedrooms | $375.3K | $400K | +6.6% |
4 Bedrooms | $549.5K | $599K | +9.0% |
5+ Bedrooms | $721K | $747.1K | +3.6% |
Summary: James City County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Counties
Charles City County | $262.5K | $300K | +14.3% |
Gloucester County | $310K | $338.7K | +9.3% |
James City County | $457.8K | $470K | +2.7% |
York County | $445.2K | $450K | +1.1% |
New Kent County | $415K | $418.4K | +0.8% |
Housing Supply in James City County, VA
How many homes are available in James City County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
624 | 715 | +14.6% |
Summary: The James City County real estate market had 715 homes for sale in May 2024, a 14.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 57 | 61 | +7.0% |
3 Bedrooms | 261 | 311 | +19.2% |
4 Bedrooms | 221 | 240 | +8.6% |
5+ Bedrooms | 79 | 94 | +19.0% |
Summary: The James City County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
180 | 193 | +7.2% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 193 homes were sold or pending in James City County in May 2024, up by 7.2% month-over-month. Of the 56 sold homes, 45% were sold under asking, 25% were sold at asking, and 30% were sold over asking.
Days on Market for James City County, VA
How long does it take to sell a home in James City County, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 28 Days | +78.3% |
Summary: Homes in James City County had an average of 28 days on market in May 2024, up by 78.3% compared to last year.
Breakdown of Home Sale Times
139 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During May 2024, 193 homes were sold in James City County; 72% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.