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 May 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
$329,500
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Prince George County was $329,500 in May 2024, up 3.3% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $225K | - | N/A |
3 Bedrooms | $303K | $300K | -1.0% |
4 Bedrooms | $334K | $358K | +7.2% |
5+ Bedrooms | $429.5K | $465K | +8.3% |
Summary: Prince George 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 did not change, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Counties
Charles City County | $262.5K | $300K | +14.3% |
Sussex County | $179.9K | $203.9K | +13.3% |
Chesterfield County | $376.6K | $394.9K | +4.9% |
Prince George County | $318.9K | $329.5K | +3.3% |
Housing Supply in Prince George County, VA
How many homes are available in Prince George County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 66 | +11.9% |
Summary: The Prince George County real estate market had 66 homes for sale in May 2024, a 11.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 32 | 38 | +18.8% |
4 Bedrooms | 21 | 23 | +9.5% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Prince George 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 remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 19 | +18.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Prince George County in May 2024, up by 18.8% month-over-month. Of the 19 sold homes, 21% were sold under asking, 37% were sold at asking, and 42% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 27 Days | -18.6% |
Summary: Homes in Prince George County had an average of 27 days on market in May 2024, down by 18.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Prince George County; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.