$5,261 Closing Credit*
$443,000
1,624 SqFt
3 Beds
•2 Full Baths
Josh Chappell, Listing Office: Prince George Realty
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 November 2023
At the same time last year, Prince George County was a Seller's Market.
Key Takeaway
Prince George 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 Prince George County, VA
How much do homes in Prince George County, VA cost?
Median Sold Price
$343,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,000(+5.5%)
Key Takeaway
Homes in Prince George County have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Prince George County was $343,000 in November 2024, up 5.5% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $249.9K | $160K | -36.0% |
| 3 Bedrooms | $300K | $318.4K | +6.1% |
| 4 Bedrooms | $340K | $363.7K | +7.0% |
| 5+ Bedrooms | $429.5K | $510K | +18.7% |
Summary: Prince George 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 decreased by 36%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Counties
| Charles City County | $280K | $297.5K | +6.3% |
| Chesterfield County | $389.5K | $411.8K | +5.7% |
| Prince George County | $325K | $343K | +5.5% |
Housing Supply in Prince George County, VA
How many homes are available in Prince George County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 64 | -5.9% |
Summary: The Prince George County real estate market had 64 homes for sale in November 2024, a 5.9% decrease 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 | 4 | +33.3% |
| 3 Bedrooms | 33 | 35 | +6.1% |
| 4 Bedrooms | 24 | 21 | -12.5% |
| 5+ Bedrooms | 8 | 4 | -50.0% |
Summary: The Prince George County 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 increased by 33.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 10 | -61.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prince George County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Prince George County in November 2024, down by 61.5% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 27 Days | -48.7% |
Summary: Homes in Prince George County had an average of 27 days on market in Nov 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
6 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 County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Prince George County; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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