Is Williamsburg, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Williamsburg has remained a Buyer's Market.
Key Takeaway
Williamsburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Williamsburg, NY
How much do homes in Williamsburg, NY cost?
Median Sold Price
$1,455,000
$1,496/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Williamsburg have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Williamsburg was $1,455,000 in April 2024, up 3.3% from last year, and the median price per square foot was $1,496.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.0M | $1.0M | +2.5% |
| 2 Bedrooms | $1.5M | $1.5M | +3.3% |
| 3 Bedrooms | $2.4M | $1.9M | -17.6% |
| 4 Bedrooms | $3.4M | $2.9M | -15.1% |
| 5+ Bedrooms | $4.2M | $2.6M | -37.1% |
Summary: Williamsburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes decreased by 37.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Greenpoint | $1.4M | $1.5M | +10.5% |
| Williamsburg | $1.4M | $1.4M | +3.3% |
| Northern Brooklyn | $1.2M | $1.2M | -2.8% |
| East Williamsburg | $1.2M | $1.1M | -7.1% |
Housing Supply in Williamsburg, NY
How many homes are available in Williamsburg, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 125 | 123 | -1.6% |
Summary: The Williamsburg real estate market had 123 homes for sale in April 2024, a 1.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 25 | -7.4% |
| 2 Bedrooms | 52 | 58 | +11.5% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 10 | 6 | -40.0% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Williamsburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 11.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
14 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Williamsburg, expect to pay close to the asking price. 87.5% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Williamsburg in April 2024, up by 77.8% month-over-month. Of the 16 sold homes, 6% were sold under asking, 88% were sold at asking, and 6% were sold over asking.
Days on Market for Williamsburg, NY
We’re sorry, we don't have information for this market at the moment
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