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NEW KENT, VA 23124

Real Estate Market Report  ·  New Kent County
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The NEW KENT, VA real estate market (23124) currently shows 93 active listings, with 45 pending sales. Homes are averaging 84 days on the market before going under contract.

Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 84 days on market compared to 76 days last year.

The median listing price has risen 3.6% year-over-year, from $530,162 to $549,000.

Whether you are buying or selling in NEW KENT, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 4,948  ·  Density: 35.8/mi²  ·  Median household income: $123,393

Typical home value: $362,470  ·  Homeownership: 97.6%

Market Overview

Active Listings
93
⇧ 24% vs 75 last year
Pending
45
48% pending ratio
Median Price
$549,000
⇧ 3.6% vs $530,162 last year
Average Price
$652,772
⇧ 6% vs $616,100 last year
Days on Market
84
⇧ 10.5% vs 76 days last year

Price Per Square Foot

Median $/sqft
$278
⇧ 7.3% vs $259/sqft last year
Median Home Size
1,958 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 93 this year vs 75 last year
  • Days on market: 84 now vs 76 last year

Median & Average Pricing

Year over Year
  • Median: $549,000 (+3.6% YoY)
  • Average: $652,772 (+6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.8 miles — 665 listings ($334,371,569 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23124New Kent, VA 231240.0 mi90$58,912,110$549,000$654,579
23086King William, VA 230867.6 mi15$4,657,215$339,950$310,481
23089Lanexa, VA 230899.7 mi18$11,388,024$638,000$632,668
23111Mechanicsville, VA 2311111.0 mi100$62,146,000$513,916$621,460
23177Walkerton, VA 2317712.7 mi5$1,957,000$391,400$391,400
23106Manquin, VA 2310613.8 mi1$298,950$298,950$298,950
23030Charles City, VA 2303014.2 mi11$6,661,237$487,250$605,567
23091Little Plymouth, VA 2309115.5 mi3$2,263,269$768,000$754,423
23231Henrico, VA 2323116.2 mi114$44,193,354$375,000$387,661
23168Toano, VA 2316816.6 mi34$22,994,336$480,000$676,304
23116Mechanicsville, VA 2311617.1 mi90$51,443,910$565,000$571,599
23009Aylett, VA 2300919.1 mi87$34,175,949$379,950$392,827
23222Richmond, VA 2322219.8 mi97$33,280,215$349,950$343,095

Frequently Asked Questions

How many homes are for sale in NEW KENT, VA 23124?

As of February 2026, there are 93 active listings in NEW KENT, VA (zip code 23124), compared to 75 the prior year.

What is the median home price in NEW KENT, VA 23124?

The median listing price in NEW KENT, VA 23124 is $549,000 as of February 2026, a 3.6% increase from $530,162 the prior year.

How long do homes stay on the market in NEW KENT, VA?

Homes in NEW KENT, VA 23124 spend an average of 84 days on the market before going under contract, compared to 76 days the prior year.

Is it a seller's or buyer's market in NEW KENT, VA 23124?

Based on current inventory and days-on-market data as of February 2026, NEW KENT, VA 23124 is currently a Buyer's Market. Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 84 days on market compared to 76 days last year.

How much can I save on real estate commission in NEW KENT, VA?

With SELL123.com's maximum 3% commission, sellers in NEW KENT, VA 23124 save an estimated $10,980 compared to a typical 5% commission on the median listing price of $549,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.