$5,046 Closing Credit*
$424,900
2,296 SqFt
3 Beds
•2 Full Baths
Beth Baldwin, Listing Office: Virginia Capital Realty
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 October 2023
At the same time last year, James City County was a Buyer's Market.
Key Takeaway
James City County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in James City County, VA
How much do homes in James City County, VA cost?
Median Sold Price
$499,680
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,013(+9.9%)
Key Takeaway
Homes in James City County have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in James City County was $499,680 in October 2024, up 9.9% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $268K | +44.9% |
| 2 Bedrooms | $275K | $260.5K | -5.3% |
| 3 Bedrooms | $389K | $400.1K | +2.9% |
| 4 Bedrooms | $540.9K | $615K | +13.7% |
| 5+ Bedrooms | $722.5K | $625K | -13.5% |
Summary: James City County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.9%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Counties
| James City County | $454.6K | $499.6K | +9.9% |
| Charles City County | $272.5K | $297.5K | +9.2% |
| Gloucester County | $322.3K | $350K | +8.6% |
| New Kent County | $409.9K | $424.2K | +3.5% |
Housing Supply in James City County, VA
How many homes are available in James City County, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 731 | 764 | +4.5% |
Summary: The James City County real estate market had 764 homes for sale in October 2024, a 4.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 67 | 84 | +25.4% |
| 3 Bedrooms | 324 | 329 | +1.5% |
| 4 Bedrooms | 233 | 251 | +7.7% |
| 5+ Bedrooms | 103 | 95 | -7.8% |
Summary: The James City County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 25.4%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 7.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 147 | 145 | -1.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in James City County, you could pay more than the asking price. 37.2% of homes here sold above asking price last month.
Summary: A total of 145 homes were sold or pending in James City County in October 2024, down by 1.4% month-over-month. Of the 43 sold homes, 35% were sold under asking, 28% were sold at asking, and 37% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 27 Days | -29.3% |
Summary: Homes in James City County had an average of 27 days on market in Oct 2024, down by 29.3% compared to last year.
Breakdown of Home Sale Times
94 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in James City County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 145 homes were sold in James City County; 65% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
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