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 buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, King and Queen County was a Seller's Market.

Key Takeaway

King and Queen County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in King and Queen County, VA

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

Median Sold Price

$287,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,525(+5.3%)

Key Takeaway

Homes in King and Queen County have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in King and Queen County was $287,000 in November 2024, up 5.3% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$485K
N/A
2 $162.4K$202K
+24.3%
3 $284K$271.5K
-4.4%
4 $239.5K$555K
+131.7%
5+ $436.8K$130K
-70.2%

Summary: King and Queen County 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 24.3%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 131.7%, and 5+ bedroom homes decreased by 70.2%.

Median Sold Price Compared To Nearby Counties

Essex County
+11.5%
Middlesex County
+7.9%
King William County
+6.1%
King and Queen County
+5.3%
Caroline County
+4.5%

Housing Supply in King and Queen County, VA

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4338-11.6%

Summary: The King and Queen County real estate market had 38 homes for sale in November 2024, a 11.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 58
+60.0%
3 2821
-25.0%
4 87
-12.5%
5+ 22
0.0%

Summary: The King and Queen 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 60%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
123-75.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in King and Queen County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in King and Queen County in November 2024, down by 75.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
19 Days96 Days+405.3%

Summary: Homes in King and Queen County had an average of 96 days on market in Nov 2024, up by 405.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in King and Queen County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 3 homes were sold in King and Queen County; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 17 Days Ago

Newest Listings in King and Queen County, VA

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