Is King and Queen County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing King and Queen County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, King and Queen County has remained a Seller's Market.

Key Takeaway

King and Queen County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in King and Queen County, VA

How much do homes in King and Queen County, VA cost?

Median Sold Price

$273,250

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,876(+1.8%)

Key Takeaway

Homes in King and Queen County have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in King and Queen County was $273,250 in October 2024, up 1.8% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$485K
N/A
2 $162.4K$202K
+24.3%
3 $271.9K$270.7K
-0.5%
4 $239.5K$547.5K
+128.6%
5+ $436.8K$130K
-70.2%

Summary: King and Queen County 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 24.3%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 128.6%, and 5+ bedroom homes decreased by 70.2%.

Median Sold Price Compared To Nearby Counties

Essex County
+11.6%
Middlesex County
+9.0%
King William County
+5.3%
Caroline County
+4.8%
King and Queen County
+1.8%

Housing Supply in King and Queen County, VA

How many homes are available in King and Queen County, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4144+7.3%

Summary: The King and Queen County real estate market had 44 homes for sale in October 2024, a 7.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 2628
+7.7%
4 88
0.0%
5+ 22
0.0%

Summary: The King and Queen County 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 increased by 20%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
512+140.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in King and Queen County, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in King and Queen County in October 2024, up by 140.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% were sold over asking.

Days on Market for King and Queen County, VA

How long does it take to sell a home in King and Queen County, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days22 Days+41.7%

Summary: Homes in King and Queen County had an average of 22 days on market in Oct 2024, up by 41.7% compared to last year.

Breakdown of Home Sale Times

9 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 King and Queen County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in King and Queen County; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% 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 14 Days Ago

Newest Listings in King and Queen County, VA

Nearby Markets to King and Queen County, VA

What housing markets are near King and Queen County, VA?