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 neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

King William County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in King William County, VA

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

Median Sold Price

$350,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,025(+6.1%)

Key Takeaway

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

Summary: The median home sold price in King William County was $350,000 in November 2024, up 6.1% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $165K-
N/A
2 $250K$267.4K
+7.0%
3 $325K$347K
+6.8%
4 $364.5K$393K
+7.8%
5+ $402.1K$450K
+11.9%

Summary: King William County 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 increased by 7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Counties

Hanover County
+8.1%
King William County
+6.1%
King and Queen County
+5.3%
Caroline County
+4.5%
New Kent County
+4.4%

Housing Supply in King William County, VA

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
156157+0.6%

Summary: The King William County real estate market had 157 homes for sale in November 2024, a 0.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 97
-22.2%
3 8485
+1.2%
4 4750
+6.4%
5+ 1615
-6.3%

Summary: The King William County 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 decreased by 22.2%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 6.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1726+52.9%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were 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. 50% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in King William County in November 2024, up by 52.9% month-over-month. Of the 24 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
25 Days53 Days+113.2%

Summary: Homes in King William County had an average of 53 days on market in Nov 2024, up by 113.2% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 26 homes were sold in King William County; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% 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

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What housing markets are near King William County, VA?