New - 6 days on Rocket
$4,749 Closing Credit¹
Cassidy Wilkinson, Listing Office: Valentine Properties
Prince George County Housing Market Report December 2024•Prince George County, Virginia
Housing Prices in Prince George County, VA
How much do homes in Prince George County, VA cost?
Housing Market Conditions
Is Prince George County, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Prince George County is a Seller's Market
Difference Since December 2023
Since last year, Prince George County has remained a Seller's Market.
Insight
Prince George County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$344,000$193/SqFt
+$19,100
+5.9%
Based on all homes sold in the last 12 months
Insight
Homes in Prince George County have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Prince George County was $344,000 in December 2024, up 5.9% from last year, and the median price per square foot was $193.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Sussex County | $197K | $212K | +7.6% |
| Chesterfield County | $390K | $414.8K | +6.4% |
| Prince George County | $324.9K | $344K | +5.9% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $249.9K | $164K | -34.4% |
| 33 Bedrooms | $300K | $326K | +8.7% |
| 44 Bedrooms | $340K | $364.5K | +7.2% |
| 55+ Bedrooms | $450K | $476K | +5.8% |
Summary: Prince George County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -34.4%. The home price for 3 bedroom homes increased by +8.7%. The home price for 4 bedroom homes increased by +7.2%. The home price for 5 bedroom homes increased by +5.8%.
Housing supply in Prince George County, VA
How many homes are available in Prince George County, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 64Last MonthDec 2024 | ||
| 632 months agoNov 2024 | +1.6 % Change MoMNov – Dec |
Summary: The Prince George County real estate market had 64 homes for sale in Dec 2024, a 1.6 % increase compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 12Last MonthDec 2024 | ||
| 102 months agoNov 2024 | +20.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 3 | -25.0% |
| 33 Bedrooms | 32 | 33 | +3.1% |
| 44 Bedrooms | 23 | 25 | +8.7% |
| 55+ Bedrooms | 4 | 3 | -25.0% |
Summary: Prince George County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes increased by +3.1%. The inventory for 4 bedroom homes increased by +8.7%. The inventory for 5 bedroom homes decreased by -25.0%.
Asking Price vs. Sold Price
How much do homes in Prince George County, VA cost?
Over Asking Price6 Homes
At Asking Price1 Home
Under Asking Price4 Homes
Insight
If you're buying a home in Prince George County, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Prince George County in December 2024, up by 20.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and and 55% 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?
Breakdown of Home Sale Times
Under 30 Days10 Homes
30 – 90 Days2 Homes
Over 90 Days0 Home
Insight
Many homes in Prince George County are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 12 homes were sold in Prince George County; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 13 DaysThis YearDec 2024 | ||
| 25 Days1 year agoDec 2023 | -47.1 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Prince George County had an average listing age of 13 days in Dec 2024, down by 47.1% compared to the previous year.
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Newest Listings in Prince George County, VA
What homes are available in Prince George County, VA?
$5,641 Closing Credit¹
Rick Tetterton, Listing Office: Long & Foster REALTORS
$1,686 Closing Credit¹
Joy Harris-Cobb, Listing Office: Harris & Assoc, Inc
$3,503 Closing Credit¹
Aaron Bryant, Listing Office: Prince George Realty
$3,681 Closing Credit¹
Issac Abdelmalak, Listing Office: Virginia Capital Realty
$3,978 Closing Credit¹
Galen Parker, Listing Office: EXP Realty LLC
$4,649 Closing Credit¹
David Patsel, Listing Office: Napier Realtors, ERA
$4,144 Closing Credit¹
Stella Stanley, Listing Office: Signature Properties
$6,353 Closing Credit¹
Rick Tetterton, Listing Office: Long & Foster REALTORS
$5,047 Closing Credit¹
Courtney Schroeder, Listing Office: Southern Home Realty LLC
Ashley Oakley, Listing Office: Hometown Realty
Ashley Oakley, Listing Office: Hometown Realty
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MLS Disclaimers and Copyright
Based on information from Central Virginia Regional MLS, for the period 01/01/2023 - 01/01/2025
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 reservedData displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.