Is Kilmarnock, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kilmarnock is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Kilmarnock has remained a Buyer's 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

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$50,500(+12.0%)

Key Takeaway

Homes in Kilmarnock have sold for 12% more than they did a year ago.

Summary: The median home sold price in Kilmarnock was $470,000 in November 2024, up 12% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $195K$265.5K
+36.2%
3 $410K$369K
-10.0%
4 $519.5K$797.5K
+53.5%
5+ $2.9M$2.4M
-15.5%

Summary: Kilmarnock housing prices by bedroom type for November 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 10%, 4 bedroom homes increased by 53.5%, and 5+ bedroom homes decreased by 15.5%.

Median Sold Price Compared To Nearby Cities

Kilmarnock
+12.0%
Kilmarnock
+7.1%
Lancaster
-2.1%

Housing Supply in Kilmarnock, VA

How many homes are available in Kilmarnock, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6157-6.6%

Summary: The Kilmarnock real estate market had 57 homes for sale in November 2024, a 6.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1013
+30.0%
3 3832
-15.8%
4 1110
-9.1%
5+ 22
0.0%

Summary: The Kilmarnock 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 30%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
770.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kilmarnock, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Kilmarnock in November 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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

Nov 2023Nov 2024CHANGE
4 Days45 Days+1025.0%

Summary: Homes in Kilmarnock had an average of 45 days on market in Nov 2024, up by 1025% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Kilmarnock; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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

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Newest Listings in Kilmarnock, VA

Nearby Markets to Kilmarnock, VA

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MLS Disclaimers and Copyright

Based on information from Central Virginia Regional MLS, BrightMLS, and Real Estate Information Network for the period 12/01/2022 - 12/01/2024

IDX 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
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 12:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 12:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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The listing data relating to real estate for sale on this web site comes in part from the Real Estate Information Network Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 12:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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