Is Williamsburg, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$480,250
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Williamsburg was $480,250 in April 2024, up 8.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $188K | $235K | +25.0% |
2 Bedrooms | $282.5K | $280K | -0.9% |
3 Bedrooms | $375K | $419K | +11.7% |
4 Bedrooms | $580K | $610K | +5.2% |
5+ Bedrooms | $751K | $775K | +3.2% |
Summary: Williamsburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
Jamestown | $375K | $465K | +24.0% |
Powhatan | $422K | $469.9K | +11.4% |
Williamsburg | $442.5K | $480.2K | +8.5% |
Williamsburg | $455.7K | $482K | +5.8% |
Berkeley | $512.5K | $522.5K | +2.0% |
Housing Supply in Williamsburg, VA
How many homes are available in Williamsburg, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
528 | 588 | +11.4% |
Summary: The Williamsburg real estate market had 588 homes for sale in April 2024, a 11.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 45 | 58 | +28.9% |
3 Bedrooms | 216 | 242 | +12.0% |
4 Bedrooms | 208 | 213 | +2.4% |
5+ Bedrooms | 55 | 69 | +25.5% |
Summary: The Williamsburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 28.9%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 25.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
134 | 158 | +17.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 158 homes were sold or pending in Williamsburg in April 2024, up by 17.9% month-over-month. Of the 36 sold homes, 33% were sold under asking, 28% were sold at asking, and 39% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 25 Days | +84.0% |
Summary: Homes in Williamsburg had an average of 25 days on market in Apr 2024, up by 84% compared to last year.
Breakdown of Home Sale Times
124 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 158 homes were sold in Williamsburg; 78% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.