KING GEORGE COUNTY HOUSING MARKET DATA

There was a decrease in total units sold in April, with 23 sold this month in King George County Real Estate versus 29 last month, a decrease of 21%. This month's total units sold was lower than at this time last year, a decrease of 32% versus April 2024.

Versus last year, the total number of homes available this month is lower by 27 units or 36%. The total number of active inventory this April was 48 compared to 75 in April 2024. This month's total of 48 is lower than the previous month's total supply of available inventory of 62, a decrease of 23%.

Last April, the median sale price for King George County Homes was $462,500. This April, the median sale price was $460,000, a decrease of 1% or $2,500 compared to last year. The current median sold price is 1% higher than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In April, there was 2.1 months of supply available in King George County, compared to 2.2 in April 2024. That is a decrease of 5% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 28 homes newly listed for sale in King George County compared to 55 in April 2024, a decrease of 49%. There were 34 current contracts pending sale this April compared to 47 a year ago. The number of current contracts is 28% lower than last April.

In April, the average sale price in King George County was 99.6% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 39, lower than the average last year, which was 46, a decrease of 15%.





FOCUS ON: KING GEORGE COUNTY HOUSING MARKET			APRIL 2025

Units Sold 23	Active Inventory 48	Median Sale Price $460,000	Days On Market 39

Down -32% Vs. Year Ago	Down -36% Vs. Year Ago	Down -1% Vs. Year Ago	Down -15% Vs. Year Ago


		Units Sold There was a decrease in total units sold in April, with 23 sold this month in King George County Real Estate versus 29 last month, a decrease of 21%. This month's total units sold was lower than at this time last year, a decrease of 32% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 27 units or 36%. The total number of active inventory this April was 48 compared to 75 in April 2024. This month's total of 48 is lower than the previous month's total supply of available inventory of 62, a decrease of 23%.
		Median Sale Price Last April, the median sale price for King George County Homes was $462,500. This April, the median sale price was $460,000, a decrease of 1% or $2,500 compared to last year. The current median sold price is 1% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 28	Current Contracts 34	Sold Vs. List Price 99.6%	Months of Supply 2.1

Down -49% Vs. Year Ago	Down -28% Vs. Year Ago	No Change Vs. Year Ago	Down -5% Vs. Year Ago


		Months of Supply In April, there was 2.1 months of supply available in King George County, compared to 2.2 in April 2024. That is a decrease of 5% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 28 homes newly listed for sale in King George County compared to 55 in April 2024, a decrease of 49%. There were 34 current contracts pending sale this April compared to 47 a year ago. The number of current contracts is 28% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in King George County was 99.6% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 39, lower than the average last year, which was 46, a decrease of 15%.



	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.