Is King William, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing King William is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, King William has remained a Seller's Market.

Key Takeaway

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

Housing Prices in King William, VA

How much do homes in King William, VA cost?

Median Sold Price

$350,000

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+6.1%)

Key Takeaway

Homes in King William have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in King William was $350,000 in November 2024, up 6.1% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $250K-
N/A
3 $331.6K$349.5K
+5.4%
4 $343.5K$392K
+14.1%
5+ -$375K
N/A

Summary: King William 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 did not change, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

New Kent
+6.6%
Acquinton
+6.3%
King William
+6.1%

Housing Supply in King William, VA

How many homes are available in King William, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1312-7.7%

Summary: The King William real estate market had 12 homes for sale in November 2024, a 7.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 97
-22.2%
4 45
+25.0%
5+ 00
0.0%

Summary: The King William 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in King William, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in King William in November 2024, up by 150.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for King William, VA

How long does it take to sell a home in King William, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days14 Days-37.8%

Summary: Homes in King William had an average of 14 days on market in Nov 2024, down by 37.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in King William; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in King William, VA

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