KING WILLIAM COUNTY HOUSING MARKET DATA

There was a decrease in total units sold in April, with 24 sold this month in King William County Real Estate versus 27 last month, a decrease of 11%. This month's total units sold was higher than at this time last year, an increase of 4% versus April 2024.

Versus last year, the total number of homes available this month is lower by 7 units or 8%. The total number of active inventory this April was 79 compared to 86 in April 2024. This month's total of 79 is higher than the previous month's total supply of available inventory of 71, an increase of 11%.

Last April, the median sale price for King William County Homes was $327,422. This April, the median sale price was $385,950, an increase of 18% or $58,528 compared to last year. The current median sold price is 5% 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 3.3 months of supply available in King William County, compared to 3.7 in April 2024. That is a decrease of 12% 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 45 homes newly listed for sale in King William County compared to 29 in April 2024, an increase of 55%. There were 29 current contracts pending sale this April compared to 21 a year ago. The number of current contracts is 38% higher than last April.

In April, the average sale price in King William County was 100.4% of the average list price, which is 0.5% lower than at this time last year.

This month, the average number of days on market was 90, higher than the average last year, which was 57. This increase was impacted by the limited number of sales.





FOCUS ON: KING WILLIAM COUNTY HOUSING MARKET			APRIL 2025

Units Sold 24	Active Inventory 79	Median Sale Price $385,950	Days On Market 90

Up 4% Vs. Year Ago	Down -8% Vs. Year Ago	Up 18% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was a decrease in total units sold in April, with 24 sold this month in King William County Real Estate versus 27 last month, a decrease of 11%. This month's total units sold was higher than at this time last year, an increase of 4% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 7 units or 8%. The total number of active inventory this April was 79 compared to 86 in April 2024. This month's total of 79 is higher than the previous month's total supply of available inventory of 71, an increase of 11%.
		Median Sale Price Last April, the median sale price for King William County Homes was $327,422. This April, the median sale price was $385,950, an increase of 18% or $58,528 compared to last year. The current median sold price is 5% 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 45	Current Contracts 29	Sold Vs. List Price 100.4%	Months of Supply 3.3

Up 55% Vs. Year Ago	Up 38% Vs. Year Ago	Down -0.5% Vs. Year Ago	Down -12% Vs. Year Ago


		Months of Supply In April, there was 3.3 months of supply available in King William County, compared to 3.7 in April 2024. That is a decrease of 12% 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 45 homes newly listed for sale in King William County compared to 29 in April 2024, an increase of 55%. There were 29 current contracts pending sale this April compared to 21 a year ago. The number of current contracts is 38% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in King William County was 100.4% of the average list price, which is 0.5% lower than at this time last year. Days on Market This month, the average number of days on market was 90, higher than the average last year, which was 57. This increase was impacted by the limited number of sales.



	*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 CVRMLS 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 CVRMLS or Long & Foster Real Estate, Inc.