Is James City County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing James City County is a seller's market

Buyer's
Market

Difference Since November 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

$499,975

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$59,725(+13.6%)

Key Takeaway

Homes in James City County have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in James City County was $499,975 in November 2024, up 13.6% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $235K$251K
+6.8%
2 $277.5K$246K
-11.4%
3 $389K$400K
+2.8%
4 $545.9K$625K
+14.5%
5+ $699.9K$644.3K
-7.9%

Summary: James City County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 7.9%.

Median Sold Price Compared To Nearby Counties

James City County
+13.6%
Gloucester County
+9.4%
Charles City County
+6.3%
New Kent County
+4.4%

Housing Supply in James City County, VA

How many homes are available in James City County, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
740706-4.6%

Summary: The James City County real estate market had 706 homes for sale in November 2024, a 4.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 8485
+1.2%
3 318318
0.0%
4 241209
-13.3%
5+ 9390
-3.2%

Summary: The James City County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 3.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
161194+20.5%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in James City County, you may be able to get a good deal. 53.2% of homes here sold below asking price last month.

Summary: A total of 194 homes were sold or pending in James City County in November 2024, up by 20.5% month-over-month. Of the 47 sold homes, 53% were sold under asking, 32% were sold at asking, and 15% 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

Nov 2023Nov 2024CHANGE
28 Days36 Days+27.6%

Summary: Homes in James City County had an average of 36 days on market in Nov 2024, up by 27.6% compared to last year.

Breakdown of Home Sale Times

119 Homes Were Sold
Under 30 Days

56 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in James City County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 194 homes were sold in James City County; 61% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in James City County, VA

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