Prince George Housing Market Report April 2025Prince George County, Virginia

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Housing Prices in Prince George, VA

How much do homes in Prince George, VA cost?

Housing Market Conditions

Is Prince George, VA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Prince George is a Buyer's Market

Difference Since April 2024

At the same time last year, Prince George was a Seller's Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$340,000$181/SqFt
+$15,000
+4.6%

Based on all homes sold in the last 12 months

Insight

Homes in Prince George have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Prince George was $340,000 in April 2025, up 4.6% from last year, and the median price per square foot was $181.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Bland
+7.7%
Prince George
+4.6%
Hopewell
+4.4%
Hopewell
+2.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2024Apr 2025Change YoY
1--
N/A
2$225K$160K
-28.9%
3$300K$328.2K
+9.4%
4$350K$354.5K
+1.3%
5$410K$400K
-2.4%

Summary: Prince George housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -28.9%. The home price for 3 bedroom homes increased by +9.4%. The home price for 4 bedroom homes increased by +1.3%. The home price for 5 bedroom homes decreased by -2.4%.

How does Prince George, VA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Prince George, VA

Housing supply in Prince George, VA

How many homes are available in Prince George, VA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
43Last MonthApr 2025
272 months agoMar 2025
+59.3 %
Change MoMMar – Apr

Summary: The Prince George real estate market had 43 homes for sale in Apr 2025, a 59.3 % increase compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
5Last MonthApr 2025
42 months agoMar 2025
+25.0 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
100
0.0%
200
0.0%
31417
+21.4%
41022
+120.0%
534
+33.3%

Summary: Prince George housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +21.4%. The inventory for 4 bedroom homes increased by +120.0%. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in Prince George, VA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price2 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Prince George, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Prince George in April 2025, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and and 40% were sold over asking.

Days on Market for Prince George, VA

How long does it take to sell a home in Prince George, VA?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Many homes in Prince George are selling fast, if you're buying plan to act quickly.

Summary: During April 2025, 5 homes were sold in Prince George; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
14 DaysThis YearApr 2025
9 Days1 year agoApr 2024
+42.9 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Prince George had an average listing age of 14 days in Apr 2025, up by 42.9% compared to the previous year.

Newest Listings in Prince George, VA

What homes are available in Prince George, VA?

MLS Disclaimers and Copyright

Based on information from Central Virginia Regional MLS, for the period 05/01/2023 - 05/01/2025

IDX All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service,LLC. 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: 6/1/2025, 4:20:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.