Comprehensive market data and analysis• Updated Dec 2025
21.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | 1 | 5 |
| 2-5 acres | - | 1 | 2 | 2 |
| 5-10 acres | - | - | 1 | 1 |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 5 | 10 |
Acreage buckets
The median price for land in New Kent, Virginia is currently $89K per acre. For a typical parcel, the median sale price is $186K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $121K while premium lots reached $327K.
New Kent, Virginia is currently a strong buyer's market with 21.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
New Kent, Virginia currently has 21.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in New Kent, Virginia averages $85K per acre. The median price per acre is $89K, which may be more representative of typical transactions. Most parcels sold are around 2.4 acres.
The median land price in New Kent, Virginia stands at $186K. This translates to roughly $89K per acre for the typical parcel size. The average price is $211K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in New Kent, Virginia is 4.8%. The 12-month rate is 11.9%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in New Kent, Virginia is 4.8% (3-month basis), indicating slow demand. The top-performing broker in this market is Shaheen Ruth Martin & Fonville.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
