Market Insights

King George County Virginia

How does the housing market look in King George County? Take a look at up-to-date home sale trends like the latest home sale prices, new listings, and more.

Real Estate Market Report Median Sale Price Illustration
Median Sale Price
$395,950

10.0%

Real Estate Market Report New Listings Illustration
New Listings
48

17.2%

Real Estate Market Report Number Of Homes Sold Illustration
Number of Homes Sold
36

16.3%

Real Estate Market Report Median Days On Market Illustration
Median Days on Market
4

18.3%

Market Overview

In the last 30 days, homes for sale in King George County, VA sold for a median price of $395,950, up 10% compared to the same period last year. The median price per square foot was $193.85, up 23.4% year-over-year. There were 36 homes sold, down from 43 last year.

lightbulbWhat does this mean?

The median sale price helps you understand how much you should expect to spend on a home in a market. The higher the median price of the homes, the more expensive the market is overall. The rate at which home prices change is an indicator of whether homes are becoming more or less affordable in that market. Learn more about buying a home.

Real Estate Market Report Home Valuation Illustration

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Real Estate Market Report Home Valuation Illustration

Get your maximum home value with minimal effort

Use Orchard’s free tool to get your most accurate home valuation today.

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Housing Supply

Yesterday, the total number of homes for sale in King George County, VA was 120, down 20.5% compared to last year. In the last 30 days, 48 new homes were listed for sale, down 17.2% year-over-year. The median days on market was 3.5, down from 4.29 days last year. The months of supply was 1.36, down from 1.47 months last year.

lightbulbWhat does this mean?

The number of homes that are available for sale in a market tells you how much choice you have. The rate at which this number changes indicates whether the number of options are increasing or decreasing for buyers. Learn more about buying in a hot market.

Real Estate Market Report Home Valuation Illustration

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Real Estate Market Report Home Valuation Illustration

Your dream home is waiting for you.

Tell us your must-haves, and we’ll share all the homes that meet your criteria.

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Housing Demand

In the last 30 days, homes in King George County, VA had a median sale-to-list-price ratio of 102.58%, up 1.3 pt compared to the same period last year. 75% of homes sold above list price, up 12.2 pt year-over-year. 2.78% of homes listed dropped in price, down 11.2 pt from last year.

lightbulbWhat does this mean?

Sale-to-list price tells you how much you may have to pay over the asking price to buy the home you want. When this number is above 100%, you may need to pay more than the asking price for the home you want.

Real Estate Market Report Median Sale Price Illustration

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Real Estate Market Report Median Sale Price Illustration

Cash offers are 4x more likely to be accepted.

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Homes For Sale In King George County

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