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 November 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

$505,333

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$53,666(+11.9%)

Key Takeaway

Homes in Williamsburg have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in Williamsburg was $505,333 in November 2024, up 11.9% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $235K$251K
+6.8%
2 $293.3K$246K
-16.2%
3 $395K$415K
+5.1%
4 $594.5K$672.5K
+13.1%
5+ $744.2K$752.2K
+1.1%

Summary: Williamsburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes decreased by 16.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 1.1%.

Median Sold Price Compared To Nearby Cities

Jamestown
+30.9%
Berkeley
+18.3%
Williamsburg
+12.5%
Williamsburg
+11.9%
Roberts
+1.4%

Housing Supply in Williamsburg, VA

How many homes are available in Williamsburg, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
679653-3.8%

Summary: The Williamsburg real estate market had 653 homes for sale in November 2024, a 3.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 8384
+1.2%
3 290292
+0.7%
4 223193
-13.5%
5+ 7980
+1.3%

Summary: The Williamsburg housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes increased by 1.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
149174+16.8%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Williamsburg, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 174 homes were sold or pending in Williamsburg in November 2024, up by 16.8% month-over-month. Of the 38 sold homes, 50% were sold under asking, 34% were sold at asking, and 16% 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

Nov 2023Nov 2024CHANGE
25 Days32 Days+28.1%

Summary: Homes in Williamsburg had an average of 32 days on market in Nov 2024, up by 28.1% compared to last year.

Breakdown of Home Sale Times

113 Homes Were Sold
Under 30 Days

50 Homes Were Sold
In 30 - 90 Days

11 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 November 2024, 174 homes were sold in Williamsburg; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% 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 20 Days Ago

Newest Listings in Williamsburg, VA

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