$10,000 Closing Credit*
$1,099,900
4,228 SqFt
6 Beds
•3 Full Baths
Joseph S Cleveland, Listing Office: RE/MAX Supercenter
Is King George, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, King George has remained a Seller's Market.
Key Takeaway
King George is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in King George, VA
How much do homes in King George, VA cost?
Median Sold Price
$460,995
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,995(+7.2%)
Key Takeaway
Homes in King George have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in King George was $460,995 in November 2024, up 7.2% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $201.3K | N/A |
| 2 Bedrooms | $272K | $251K | -7.7% |
| 3 Bedrooms | $372.5K | $429.9K | +15.4% |
| 4 Bedrooms | $460K | $508.9K | +10.6% |
| 5+ Bedrooms | $505K | $520K | +3.0% |
Summary: King George 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 decreased by 7.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
| James Monroe | $400K | $450K | +12.5% |
| Shiloh | $492.4K | $552.4K | +12.2% |
| King George | $430K | $460.9K | +7.2% |
| James Madison | $440K | $460.3K | +4.6% |
| Dahlgren | $406K | $380K | -6.4% |
Housing Supply in King George, VA
How many homes are available in King George, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 113 | +16.5% |
Summary: The King George real estate market had 113 homes for sale in November 2024, a 16.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 41 | 46 | +12.2% |
| 4 Bedrooms | 39 | 47 | +20.5% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The King George 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 50%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in King George, you could pay more than the asking price. 39.1% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in King George in November 2024, up by 27.8% month-over-month. Of the 23 sold homes, 35% were sold under asking, 26% were sold at asking, and 39% were sold over asking.
Days on Market for King George, VA
How long does it take to sell a home in King George, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 43 Days | +27.3% |
Summary: Homes in King George had an average of 43 days on market in Nov 2024, up by 27.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in King George are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in King George; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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