$5,047 Closing Credit*
$425,000
1,800 SqFt
3 Beds
•2 Full Baths, 1 Partial
Steve Van Kirk, Listing Office: Howard Hanna William E Wood
Is New Kent County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, New Kent County was a Seller's Market.
Key Takeaway
New Kent 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 New Kent County, VA
How much do homes in New Kent County, VA cost?
Median Sold Price
$425,537
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,847(+4.4%)
Key Takeaway
Homes in New Kent County have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in New Kent County was $425,537 in November 2024, up 4.4% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $145.5K | N/A |
| 2 Bedrooms | $198.4K | $243.7K | +22.8% |
| 3 Bedrooms | $350K | $365K | +4.3% |
| 4 Bedrooms | $472.2K | $540K | +14.3% |
| 5+ Bedrooms | $547K | $608.3K | +11.2% |
Summary: New Kent 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 22.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Counties
| James City County | $440.2K | $499.9K | +13.6% |
| Charles City County | $280K | $297.5K | +6.3% |
| King William County | $329.9K | $350K | +6.1% |
| King and Queen County | $272.4K | $287K | +5.3% |
| New Kent County | $407.6K | $425.5K | +4.4% |
Housing Supply in New Kent County, VA
How many homes are available in New Kent County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 212 | 193 | -9.0% |
Summary: The New Kent County real estate market had 193 homes for sale in November 2024, a 9.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 9 | 3 | -66.7% |
| 3 Bedrooms | 111 | 100 | -9.9% |
| 4 Bedrooms | 65 | 66 | +1.5% |
| 5+ Bedrooms | 25 | 23 | -8.0% |
Summary: The New Kent County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 32 | -38.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Kent County, you may be able to get a good deal. 36% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in New Kent County in November 2024, down by 38.5% month-over-month. Of the 25 sold homes, 36% were sold under asking, 28% were sold at asking, and 36% were sold over asking.
Days on Market for New Kent County, VA
How long does it take to sell a home in New Kent County, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 47 Days | +88.7% |
Summary: Homes in New Kent County had an average of 47 days on market in Nov 2024, up by 88.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Kent County has remained consistent over time.
Summary: During November 2024, 32 homes were sold in New Kent County; 38% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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