Is King William, VA 23086 a buyer’s or seller’s market?
King William is a seller’s market. With about 2.8 months of supply and 38% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The King William housing market right now
In the three months ending August 31, 2026, 38% of homes in King William, VA 23086 sold above their list price, the typical home went under contract in 16 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold faster (36 days then) and the median sale price held steady to $368,341. Overall, King William is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Manquin 23106 (20% sold over asking) or West Point 23181 (21% sold over asking).
Run the numbers for 23086
Nearby markets
Aylett 23009Seller’s market $198 /sq ftManquin 23106Seller’s market $266 /sq ftWest Point 23181Seller’s market $191 /sq ft Browse all markets →Towns like King William nearby
Find towns like King William in other states →Where King William is
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Questions about King William real estate
Is King William a buyer’s or seller’s market?
A seller’s market: there were 2.8 months of supply in King William, VA 23086 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 William?
The typical home went under contract in 16 days in the latest three months.
Do homes in King William sell over asking?
38% of homes sold above their original list price, and the typical sale closed at 100.8% of the list price.
What are property taxes in King William?
About 0.55% of a home’s value a year in King William County, or roughly $2,200 on a $400,000 home.
What is the median home price in King William?
The median sale price was $368,341 in the three months ending August 31, 2026, about $234 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