$5,224 Closing Credit*
$439,900
2,400 SqFt
Troy Gibbs, Listing Office: EXP Realty LLC
Is Prince George County, 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 County has remained a Seller's Market.
Key Takeaway
Prince George County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Prince George County, VA
How much do homes in Prince George County, VA cost?
Median Sold Price
$348,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,000(+7.1%)
Key Takeaway
Homes in Prince George County have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Prince George County was $348,000 in October 2024, up 7.1% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $249.9K | $239.5K | -4.2% |
| 3 Bedrooms | $300K | $315K | +5.0% |
| 4 Bedrooms | $340.9K | $365K | +7.1% |
| 5+ Bedrooms | $450K | $510K | +13.3% |
Summary: Prince George County 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 decreased by 4.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Counties
| Sussex County | $182.5K | $207.4K | +13.7% |
| Charles City County | $272.5K | $297.5K | +9.2% |
| Chesterfield County | $385.2K | $414K | +7.5% |
| Prince George County | $325K | $348K | +7.1% |
| Surry County | $310K | $247.5K | -20.2% |
Housing Supply in Prince George County, VA
How many homes are available in Prince George County, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 69 | +1.5% |
Summary: The Prince George County real estate market had 69 homes for sale in October 2024, a 1.5% increase 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 | 35 | 31 | -11.4% |
| 4 Bedrooms | 23 | 27 | +17.4% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Prince George County 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 11.4%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 25 | +66.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prince George County, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in Prince George County in October 2024, up by 66.7% month-over-month. Of the 24 sold homes, 29% were sold under asking, 42% were sold at asking, and 29% were sold over asking.
Days on Market for Prince George County, VA
How long does it take to sell a home in Prince George County, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 46 Days | +89.3% |
Summary: Homes in Prince George County had an average of 46 days on market in Oct 2024, up by 89.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Prince George County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in Prince George County; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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