$4,631 Closing Credit*
$389,990
1,903 SqFt
4 Beds
•2 Full Baths, 1 Partial
John Thiel, Listing Office: Long & Foster REALTORS
Is Prince George, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$335,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,050(+3.4%)
Key Takeaway
Homes in Prince George have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Prince George was $335,000 in November 2024, up 3.4% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $237.4K | $160K | -32.6% |
| 3 Bedrooms | $300K | $313K | +4.3% |
| 4 Bedrooms | $340K | $354K | +4.1% |
| 5+ Bedrooms | $405K | $412K | +1.7% |
Summary: Prince George 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 decreased by 32.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 4.1%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 39 | +5.4% |
Summary: The Prince George real estate market had 39 homes for sale in November 2024, a 5.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Prince George 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prince George, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Prince George in November 2024, down by 18.2% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 30 Days | +22.4% |
Summary: Homes in Prince George had an average of 30 days on market in Nov 2024, up by 22.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Prince George are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Prince George; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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