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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing King William County is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in King William County, VA

How much do homes in King William County, VA cost?

Median Sold Price

$347,500

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,500(+5.3%)

Key Takeaway

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

Summary: The median home sold price in King William County was $347,500 in October 2024, up 5.3% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165K-
N/A
2 $277.5K$269.9K
-2.7%
3 $325K$343.5K
+5.7%
4 $369.5K$400K
+8.3%
5+ $402.1K$450K
+11.9%

Summary: King William 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 decreased by 2.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Counties

Hanover County
+9.4%
King William County
+5.3%
Caroline County
+4.8%
New Kent County
+3.5%
King and Queen County
+1.8%

Housing Supply in King William County, VA

How many homes are available in King William County, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
143161+12.6%

Summary: The King William County real estate market had 161 homes for sale in October 2024, a 12.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 79
+28.6%
3 8287
+6.1%
4 3949
+25.6%
5+ 1516
+6.7%

Summary: The King William 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 increased by 28.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2016-20.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

6 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 County, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in King William County in October 2024, down by 20.0% month-over-month. Of the 15 sold homes, 53% were sold under asking, 40% were sold at asking, and 7% were sold over asking.

Days on Market for King William County, VA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days53 Days+22.2%

Summary: Homes in King William County had an average of 53 days on market in Oct 2024, up by 22.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in King William County has remained consistent over time.

Summary: During October 2024, 16 homes were sold in King William County; 31% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 6% 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 20 Days Ago

Newest Listings in King William County, VA

Nearby Markets to King William County, VA

What housing markets are near King William County, VA?