Is King and Queen County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing King and Queen County is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, King and Queen County was a Seller's Market.

Key Takeaway

King and Queen County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in King and Queen County, VA

How much do homes in King and Queen County, VA cost?

Median Sold Price

$288,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$36,000(+14.3%)

Key Takeaway

Homes in King and Queen County have sold for 14.3% more than they did a year ago.

Summary: The median home sold price in King and Queen County was $288,000 in May 2024, up 14.3% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $170K$224.9K
+32.3%
3 $255K$298.4K
+17.0%
4 $190K$627.5K
+230.3%
5+ $480.9K-
N/A

Summary: King and Queen County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.3%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 230.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

King and Queen County
+14.3%
Essex County
+13.3%
King William County
+4.5%
Caroline County
+3.8%
Middlesex County
+1.4%

Housing Supply in King and Queen County, VA

How many homes are available in King and Queen County, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2935+20.7%

Summary: The King and Queen County real estate market had 35 homes for sale in May 2024, a 20.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 1518
+20.0%
4 68
+33.3%
5+ 44
0.0%

Summary: The King and Queen County housing inventory by bedroom type for May 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 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in King and Queen County, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in King and Queen County in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for King and Queen County, VA

How long does it take to sell a home in King and Queen County, VA?

Average Sale Time

May 2023May 2024CHANGE
6 Days16 Days+156.4%

Summary: Homes in King and Queen County had an average of 16 days on market in May 2024, up by 156.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in King and Queen County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 3 homes were sold in King and Queen County; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in King and Queen County, VA

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