$5,046 Closing Credit*
$424,900
2,296 SqFt
3 Beds
•2 Full Baths
Beth Baldwin, Listing Office: Virginia Capital Realty
Is Williamsburg, VA 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 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
$509,500
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,241(+10.7%)
Key Takeaway
Homes in Williamsburg have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Williamsburg was $509,500 in October 2024, up 10.7% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $268K | +44.9% |
| 2 Bedrooms | $290.1K | $260.5K | -10.2% |
| 3 Bedrooms | $389.5K | $429.5K | +10.3% |
| 4 Bedrooms | $572.8K | $665K | +16.1% |
| 5+ Bedrooms | $742.1K | $800K | +7.8% |
Summary: Williamsburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.9%, 2 bedroom homes decreased by 10.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Cities
| Jamestown | $405.2K | $515K | +27.1% |
| Berkeley | $465K | $550K | +18.3% |
| Williamsburg | $457.5K | $506.8K | +10.8% |
| Williamsburg | $460.2K | $509.5K | +10.7% |
Housing Supply in Williamsburg, VA
How many homes are available in Williamsburg, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 669 | 702 | +4.9% |
Summary: The Williamsburg real estate market had 702 homes for sale in October 2024, a 4.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 66 | 83 | +25.8% |
| 3 Bedrooms | 297 | 301 | +1.3% |
| 4 Bedrooms | 215 | 233 | +8.4% |
| 5+ Bedrooms | 87 | 80 | -8.0% |
Summary: The Williamsburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 136 | 133 | -2.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Williamsburg, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 133 homes were sold or pending in Williamsburg in October 2024, down by 2.2% month-over-month. Of the 40 sold homes, 35% were sold under asking, 28% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 27 Days | -31.1% |
Summary: Homes in Williamsburg had an average of 27 days on market in Oct 2024, down by 31.1% compared to last year.
Breakdown of Home Sale Times
88 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Williamsburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 133 homes were sold in Williamsburg; 66% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
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