$5,224 Closing Credit*
$439,900
2,400 SqFt
Troy Gibbs, Listing Office: EXP Realty LLC
Is Prince George, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Prince George has remained a Seller's Market.
Key Takeaway
Prince George is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Prince George, VA
How much do homes in Prince George, VA cost?
Median Sold Price
$330,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.5%)
Key Takeaway
Homes in Prince George have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Prince George was $330,000 in October 2024, up 1.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $237.4K | $239.5K | +0.9% |
| 3 Bedrooms | $300K | $312.5K | +4.2% |
| 4 Bedrooms | $341.8K | $357.5K | +4.6% |
| 5+ Bedrooms | $405K | $412K | +1.7% |
Summary: Prince George 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 increased by 0.9%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in Prince George, VA
How many homes are available in Prince George, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 36 | -7.7% |
Summary: The Prince George real estate market had 36 homes for sale in October 2024, a 7.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 21 | 16 | -23.8% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Prince George 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 decreased by 25%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
2 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 Prince George, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Prince George in October 2024, the same as the previous month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% were sold over asking.
Days on Market for Prince George, VA
How long does it take to sell a home in Prince George, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 31 Days | +76.4% |
Summary: Homes in Prince George had an average of 31 days on market in Oct 2024, up by 76.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Prince George are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Prince George; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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