Is King George, VA 22485 a buyer’s or seller’s market?
King George is a balanced market. With about 4.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 57% of U.S. ZIP codes, and #224 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The King George housing market right now
In the three months ending August 31, 2026, 35% of homes in King George, VA 22485 sold above their list price, the typical home went under contract in 44 days and there were 4.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 89 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (34% then), homes sold about as fast and the median sale price fell 3% to $489,788. Overall, King George is about as competitive as it was a year ago.
On our competition score, King George ranks #224 of 358 VA ZIP codes with enough sales (score 55 out of 100).
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Questions about King George real estate
Is King George a buyer’s or seller’s market?
A balanced market: there were 4.5 months of supply in King George, VA 22485 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in King George?
The typical home went under contract in 44 days in the latest three months.
Do homes in King George sell over asking?
35% of homes sold above their original list price, and the typical sale closed at 99.4% of the list price.
What are property taxes in King George?
About 0.53% of a home’s value a year in King George County, or roughly $2,120 on a $400,000 home.
What is the median home price in King George?
The median sale price was $489,788 in the three months ending August 31, 2026, about $197 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology