Is New Kent, VA 23124 a buyer’s or seller’s market?

The New Kent housing market right now

In the three months ending August 31, 2026, 25% of homes in New Kent, VA 23124 sold above their list price, the typical home went under contract in 38 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 55 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 34%, homes sold more slowly (35 days then) and the median sale price fell 3% to $457,292. Overall, New Kent is less competitive than a year ago, which gives buyers more room.

Within New Kent County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, New Kent ranks #189 of 358 VA ZIP codes with enough sales (score 60 out of 100).

Nearby, buyers who want less competition could look at Barhamsville 23011 (0% sold over asking) or Lanexa 23089 (21% sold over asking), while Quinton 23141 (39% sold over asking) and Providence Forge 23140 (28% sold over asking) are even more competitive.