Is Kingsmill, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kingsmill is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Kingsmill has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Kingsmill, VA

How much do homes in Kingsmill, VA cost?

Median Sold Price

$600,000

$189/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$114,600(+23.6%)

Key Takeaway

Homes in Kingsmill have sold for 23.6% more than they did a month ago.

Summary: The median home sold price in Kingsmill was $600,000 in October 2024, up 23.6% from last month, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $467.7K-
N/A
4 -$600K
N/A
5+ $1.4M-
N/A

Summary: Kingsmill housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Kingsmill, VA

How many homes are available in Kingsmill, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
53530.0%

Summary: The Kingsmill real estate market had 53 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 1814
-22.2%
4 2226
+18.2%
5+ 76
-14.3%

Summary: The Kingsmill 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 16.7%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1014+40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kingsmill, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 14 homes were sold or pending in Kingsmill in October 2024, up by 40.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.

Days on Market for Kingsmill, VA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
24 Days49 Days+104.5%

Summary: Homes in Kingsmill had an average of 49 days on market in Oct 2024, up by 104.5% compared to last month.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 14 homes were sold in Kingsmill; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% 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 Kingsmill, VA

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