Is Williamsburg, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Williamsburg was a Buyer's Market.
Housing Prices in Williamsburg, VA
How much do homes in Williamsburg, VA cost?
Median Sold Price
$479,525
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Williamsburg was $479,525 in June 2024, up 8.8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $285K | +54.1% |
2 Bedrooms | $280K | $285K | +1.8% |
3 Bedrooms | $375.3K | $409.3K | +9.1% |
4 Bedrooms | $549.5K | $615K | +11.9% |
5+ Bedrooms | $719.9K | $803.7K | +11.6% |
Summary: Williamsburg housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.1%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Cities
Jamestown | $374K | $465.2K | +24.4% |
Berkeley | $465K | $539.5K | +16.0% |
Powhatan | $430.8K | $474K | +10.0% |
Williamsburg | $440.7K | $479.5K | +8.8% |
Williamsburg | $443.7K | $480.5K | +8.3% |
Housing Supply in Williamsburg, VA
How many homes are available in Williamsburg, VA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
633 | 638 | +0.8% |
Summary: The Williamsburg real estate market had 638 homes for sale in June 2024, a 0.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 59 | 63 | +6.8% |
3 Bedrooms | 273 | 276 | +1.1% |
4 Bedrooms | 219 | 218 | -0.5% |
5+ Bedrooms | 73 | 71 | -2.7% |
Summary: The Williamsburg housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 2.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
190 | 151 | -20.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 151 homes were sold or pending in Williamsburg in June 2024, down by 20.5% month-over-month. Of the 30 sold homes, 30% were sold under asking, 27% were sold at asking, and 43% were sold over asking.
Days on Market for Williamsburg, VA
How long does it take to sell a home in Williamsburg, VA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
15 Days | 19 Days | +32.4% |
Summary: Homes in Williamsburg had an average of 19 days on market in Jun 2024, up by 32.4% compared to last year.
Breakdown of Home Sale Times
122 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During June 2024, 151 homes were sold in Williamsburg; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.