$4,988 Closing Credit*
$420,000
2,098 SqFt
4 Beds
•3 Full Baths
Lisa Christine Gillen, Listing Office: EXIT Realty Expertise
Is King George County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, King George County has remained a Seller's Market.
Key Takeaway
King George County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in King George County, VA
How much do homes in King George County, VA cost?
Median Sold Price
$460,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,100(+7.0%)
Key Takeaway
Homes in King George County have sold for 7% more than they did a year ago.
Summary: The median home sold price in King George County was $460,000 in October 2024, up 7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $201.3K | N/A |
| 2 Bedrooms | $237.5K | $252K | +6.1% |
| 3 Bedrooms | $367.5K | $430K | +17.0% |
| 4 Bedrooms | $456K | $502.5K | +10.2% |
| 5+ Bedrooms | $505K | $515K | +2.0% |
Summary: King George 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 6.1%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Counties
| Essex County | $275.8K | $308K | +11.6% |
| Westmoreland County | $297.4K | $320K | +7.6% |
| King George County | $429.9K | $460K | +7.0% |
| Caroline County | $333.9K | $350K | +4.8% |
| Stafford County | $500K | $517.7K | +3.5% |
Housing Supply in King George County, VA
How many homes are available in King George County, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 99 | +3.1% |
Summary: The King George County real estate market had 99 homes for sale in October 2024, a 3.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 43 | 38 | -11.6% |
| 4 Bedrooms | 35 | 42 | +20.0% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The King George 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 remained the same, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 17 | -41.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in King George County, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in King George County in October 2024, down by 41.4% month-over-month. Of the 17 sold homes, 12% were sold under asking, 41% were sold at asking, and 47% were sold over asking.
Days on Market for King George County, VA
How long does it take to sell a home in King George County, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 28 Days | +40.6% |
Summary: Homes in King George County had an average of 28 days on market in Oct 2024, up by 40.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in King George County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in King George County; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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