$10,000 Closing Credit*
$2,500,000
5 Beds
•4 Full Baths
Listing Office: BLT Minimax Realty Inc
Is Williamsburg, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Williamsburg was a Neutral 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
$1,572,500
$1,506/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$120,000(+8.3%)
Key Takeaway
Homes in Williamsburg have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Williamsburg was $1,572,500 in October 2024, up 8.3% from last year, and the median price per square foot was $1,506.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.0M | $1.0M | +3.3% |
| 2 Bedrooms | $1.5M | $1.6M | +4.8% |
| 3 Bedrooms | $2.2M | $1.9M | -11.0% |
| 4 Bedrooms | $2.9M | $3.2M | +8.5% |
| 5+ Bedrooms | $2.6M | $2.4M | -8.4% |
Summary: Williamsburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 11%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 8.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Greenpoint | $1.3M | $1.6M | +22.6% |
| Northern Brooklyn | $1.2M | $1.3M | +8.5% |
| Williamsburg | $1.4M | $1.5M | +8.3% |
Housing Supply in Williamsburg, NY
How many homes are available in Williamsburg, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 105 | 101 | -3.8% |
Summary: The Williamsburg real estate market had 101 homes for sale in October 2024, a 3.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 23 | -11.5% |
| 2 Bedrooms | 45 | 41 | -8.9% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Williamsburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.5%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 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. 70% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Williamsburg in October 2024, up by 25.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 70% were sold at asking, and 10% were sold over asking.
Days on Market for Williamsburg, NY
How long does it take to sell a home in Williamsburg, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 126 Days | 196 Days | +55.6% |
Summary: Homes in Williamsburg had an average of 196 days on market in Oct 2024, up by 55.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Williamsburg are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 10 homes were sold in Williamsburg; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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