Is Williamsburg, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Williamsburg is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Williamsburg was a Buyer's Market.

Key Takeaway

Williamsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Williamsburg, VA

How much do homes in Williamsburg, VA cost?

Median Sold Price

$482,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$26,250(+5.8%)

Key Takeaway

Homes in Williamsburg have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Williamsburg was $482,000 in April 2024, up 5.8% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $188K$235K
+25.0%
2 $283.2K$280K
-1.1%
3 $368.5K$424K
+15.1%
4 $577.8K$605K
+4.7%
5+ $758K$775K
+2.2%

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 1.1%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Cities

Jamestown
+24.0%
Williamsburg
+8.5%
Williamsburg
+5.8%
Berkeley
+2.0%

Housing Supply in Williamsburg, VA

How many homes are available in Williamsburg, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
520581+11.7%

Summary: The Williamsburg real estate market had 581 homes for sale in April 2024, a 11.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 46
+50.0%
2 4558
+28.9%
3 210239
+13.8%
4 207210
+1.4%
5+ 5468
+25.9%

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 13.8%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 25.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
128157+22.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Williamsburg, you could pay more than the asking price. 38.9% of homes here sold above asking price last month.

Summary: A total of 157 homes were sold or pending in Williamsburg in April 2024, up by 22.7% 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 2023Apr 2024CHANGE
14 Days25 Days+84.2%

Summary: Homes in Williamsburg had an average of 25 days on market in Apr 2024, up by 84.2% compared to last year.

Breakdown of Home Sale Times

123 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Williamsburg are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 157 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Williamsburg, VA

Nearby Markets to Williamsburg, VA

What housing markets are near Williamsburg, VA?