New - 2 days on Rocket
#VAKG2005958, Gena Hill, Listing Office: CENTURY 21 New Millennium
James Monroe Housing Market Report December 2024•King George County, Virginia
Housing Prices in James Monroe, VA
How much do homes in James Monroe, VA cost?
Housing Market Conditions
Is James Monroe, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
James Monroe is a Seller's Market
Difference Since December 2023
Since last year, James Monroe has remained a Seller's Market.
Insight
James Monroe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$450,000$202/SqFt
+$45,000
+11.1%
Based on all homes sold in the last 12 months
Insight
Homes in James Monroe have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in James Monroe was $450,000 in December 2024, up 11.1% from last year, and the median price per square foot was $202.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Shiloh | $495K | $586.8K | +18.5% |
| James Monroe | $405K | $450K | +11.1% |
| King George | $439K | $459.9K | +4.8% |
| James Madison | $445K | $455K | +2.2% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 33 Bedrooms | $343.5K | $414.9K | +20.8% |
| 44 Bedrooms | $463.7K | $475K | +2.4% |
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $253.5K | $215K | -15.2% |
| 55+ Bedrooms | $487.5K | $475K | -2.6% |
Summary: James Monroe housing price by bedroom type for December 2024, compared to the previous year. The home price for 3 bedroom homes increased by +20.8%. The home price for 4 bedroom homes increased by +2.4%. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -15.2%. The home price for 5 bedroom homes decreased by -2.6%.
Housing supply in James Monroe, VA
How many homes are available in James Monroe, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 33Last MonthDec 2024 | ||
| 342 months agoNov 2024 | -2.9 % Change MoMNov – Dec |
Summary: The James Monroe real estate market had 33 homes for sale in Dec 2024, a 2.9 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 13Last MonthDec 2024 | ||
| 82 months agoNov 2024 | +62.5 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 33 Bedrooms | 17 | 15 | -11.8% |
| 44 Bedrooms | 14 | 15 | +7.1% |
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
| 55+ Bedrooms | 3 | 3 | 0.0% |
Summary: James Monroe housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 3 bedroom homes decreased by -11.8%. The inventory for 4 bedroom homes increased by +7.1%. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in James Monroe, VA cost?
Over Asking Price4 Homes
At Asking Price4 Homes
Under Asking Price5 Homes
Insight
If you're buying a home in James Monroe, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in James Monroe in December 2024, up by 62.5% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and and 31% were sold over asking.
Days on Market for James Monroe, VA
How long does it take to sell a home in James Monroe, VA?
Breakdown of Home Sale Times
Under 30 Days7 Homes
30 – 90 Days4 Homes
Over 90 Days2 Homes
Insight
Many homes in James Monroe are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 13 homes were sold in James Monroe; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 39 DaysThis YearDec 2024 | ||
| 74 Days1 year agoDec 2023 | -46.6 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in James Monroe had an average listing age of 39 days in Dec 2024, down by 46.6% compared to the previous year.
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Newest Listings in James Monroe, VA
What homes are available in James Monroe, VA?
New - 3 days on Rocket
#VAKG2005926, Trisha P McFadden, Listing Office: Coldwell Banker Elite
New - 4 days on RocketBackup offers
$4,511 Closing Credit¹
#VAKG2005910, Joseph S Cleveland, Listing Office: RE/MAX Supercenter
New - 5 days on RocketBackup offers
#VAKG2005936, Leslie Ann Amore, Listing Office: Belcher Real Estate, LLC.
New - 7 days on Rocket
$5,225 Closing Credit¹
#VAKG2005934, Melissa J Stewart, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Coming soon
$7,124 Closing Credit¹
#VAKG2005904, Joseph S Cleveland, Listing Office: RE/MAX Supercenter
$4,976 Closing Credit¹
#VAKG2005906, Linda L Lindley, Listing Office: JPAR Real Estate Professionals
$5,344 Closing Credit¹
#VAKG2005900, Michael K Gray, Listing Office: CENTURY 21 New Millennium
Backup offers
$8,016 Closing Credit¹
#VAKG2005886, Jay T Johnson Jr., Listing Office: Samson Properties
Backup offers
$4,155 Closing Credit¹
#VAKG2005842, Brittany Marie Zywusko, Listing Office: EXIT Realty Expertise
$4,154 Closing Credit¹
#VAKG2005816, Munirshah Dellawar, Listing Office: Samson Properties
$7,302 Closing Credit¹
#VAKG2005792, Adarsh Parbadia, Listing Office: A-1 chrismarr Realty
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MLS Disclaimers and Copyright
Based on information from BrightMLS, for the period 01/01/2023 - 01/01/2025
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 7:24:21 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.