$3,859 Closing Credit*
$325,000
967 SqFt
3 Beds
•2 Full Baths
Kathy Holliday, Listing Office: Twin Rivers Realty, Inc
Is King William, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, King William was a Seller's Market.
Key Takeaway
King William is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in King William, VA
How much do homes in King William, VA cost?
Median Sold Price
$347,500
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,858(+4.8%)
Key Takeaway
Homes in King William have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in King William was $347,500 in October 2024, up 4.8% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | - | N/A |
| 3 Bedrooms | $331.6K | $345K | +4.0% |
| 4 Bedrooms | $343.5K | $439K | +27.8% |
| 5+ Bedrooms | $553.4K | $375K | -32.2% |
Summary: King William 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 did not change, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes decreased by 32.2%.
Median Sold Price Compared To Nearby Cities
| Acquinton | $332.3K | $350K | +5.3% |
| King William | $331.6K | $347.5K | +4.8% |
| New Kent | $372K | $385K | +3.5% |
Housing Supply in King William, VA
How many homes are available in King William, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Summary: The King William real estate market had 15 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The King William 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 remained the same, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in King William, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in King William in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 43 Days | +111.5% |
Summary: Homes in King William had an average of 43 days on market in Oct 2024, up by 111.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in King William has remained consistent over time.
Summary: During October 2024, 2 homes were sold in King William; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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