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NEW KENT, VA 23124

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

Market Overview

Active Listings
90
⇧ 40.6% vs 64 last year
Pending
41
46% pending ratio
Median Price
$549,000
⇧ 3.9% vs $528,166 last year
Average Price
$654,579
⇧ 10.4% vs $592,833 last year
Days on Market
88
⇧ 25.7% vs 70 days last year

Market Context

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

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

Market Analysis

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

The NEW KENT, VA real estate market (23124) currently shows 90 active listings, with 41 pending sales. Homes are averaging 88 days on the market before going under contract.

Inventory has increased compared to last year, with 26 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 88 days on market compared to 70 days last year.

The median listing price has risen 3.9% year-over-year, from $528,166 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 90 this year vs 64 last year
  • Days on market: 88 now vs 70 last year

Median & Average Pricing

Year over Year
  • Median: $549,000 (+3.9% YoY)
  • Average: $654,579 (+10.4% 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

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 January 2026, there are 90 active listings in NEW KENT, VA (zip code 23124), compared to 64 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 January 2026, a 3.9% increase from $528,166 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 88 days on the market before going under contract, compared to 70 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 January 2026, NEW KENT, VA 23124 is currently a Buyer's Market. Inventory has increased compared to last year, with 26 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 88 days on market compared to 70 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.