$7,066 Closing Credit*
$595,000
1,464 SqFt
3 Beds
•2 Full Baths, 2 Partial
Stephen M Fox, Listing Office: Samson Properties
Is Kings Park West, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Kings Park West has remained a Seller's Market.
Key Takeaway
Kings Park West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kings Park West, VA
How much do homes in Kings Park West, VA cost?
Median Sold Price
$765,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$65,000(+9.3%)
Key Takeaway
Homes in Kings Park West have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Kings Park West was $765,000 in August 2024, up 9.3% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $626K | N/A |
| 3 Bedrooms | $550K | $605K | +10.0% |
| 4 Bedrooms | $750K | $830K | +10.7% |
| 5+ Bedrooms | $827.5K | $897.5K | +8.5% |
Summary: Kings Park West housing prices by bedroom type for August 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 10%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 8.5%.
Housing Supply in Kings Park West, VA
How many homes are available in Kings Park West, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 37 | 33 | -10.8% |
Summary: The Kings Park West real estate market had 33 homes for sale in August 2024, a 10.8% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 23 | 20 | -13.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Kings Park West housing inventory by bedroom type for August 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 11.1%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 19 | 11 | -42.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kings Park West, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Kings Park West in August 2024, down by 42.1% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for Kings Park West, VA
How long does it take to sell a home in Kings Park West, VA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 6 Days | 10 Days | +57.7% |
Summary: Homes in Kings Park West had an average of 10 days on market in Aug 2024, up by 57.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kings Park West are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 11 homes were sold in Kings Park West; 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.
