$3,266 Closing Credit*
$275,000
1,056 SqFt
2 Beds
•1 Full Bath, 1 Partial
Debbie Price-Jolly, Listing Office: Price Properties
Is Kilmarnock, 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, Kilmarnock was a Neutral Market.
Key Takeaway
Kilmarnock is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kilmarnock, VA
How much do homes in Kilmarnock, VA cost?
Median Sold Price
$470,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,000(+7.1%)
Key Takeaway
Homes in Kilmarnock have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Kilmarnock was $470,000 in October 2024, up 7.1% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $265.5K | +36.2% |
| 3 Bedrooms | $415K | $389.5K | -6.1% |
| 4 Bedrooms | $600K | $1.0M | +66.7% |
| 5+ Bedrooms | $2.9M | $1.5M | -47.0% |
Summary: Kilmarnock housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.2%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 47%.
Median Sold Price Compared To Nearby Cities
| Kilmarnock | $439K | $470K | +7.1% |
| Lancaster | $485K | $500K | +3.1% |
| Kilmarnock | $472.5K | $470K | -0.5% |
Housing Supply in Kilmarnock, VA
How many homes are available in Kilmarnock, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 64 | +1.6% |
Summary: The Kilmarnock real estate market had 64 homes for sale in October 2024, a 1.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 39 | 40 | +2.6% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Kilmarnock housing inventory by bedroom type for October 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 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kilmarnock, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Kilmarnock in October 2024, down by 12.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Kilmarnock, VA
How long does it take to sell a home in Kilmarnock, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 1 Day | 55 Days | +5400.0% |
Summary: Homes in Kilmarnock had an average of 55 days on market in Oct 2024, up by 5400% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kilmarnock are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Kilmarnock; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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