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

$501,250

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$55,650(+12.5%)

Key Takeaway

Homes in Williamsburg have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Williamsburg was $501,250 in November 2024, up 12.5% from last year, and the median price per square foot was $212.

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$665K
+11.9%
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 11.9%, 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%
Powhatan
+6.8%

Housing Supply in Williamsburg, VA

How many homes are available in Williamsburg, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
681655-3.8%

Summary: The Williamsburg real estate market had 655 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 293295
+0.7%
4 222192
-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
149176+18.1%

Asking Price vs. Sold Price

20 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. 51.3% of homes here sold below asking price last month.

Summary: A total of 176 homes were sold or pending in Williamsburg in November 2024, up by 18.1% month-over-month. Of the 39 sold homes, 51% were sold under asking, 33% were sold at asking, and 15% 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 Days33 Days+34.4%

Summary: Homes in Williamsburg had an average of 33 days on market in Nov 2024, up by 34.4% compared to last year.

Breakdown of Home Sale Times

113 Homes Were Sold
Under 30 Days

50 Homes Were Sold
In 30 - 90 Days

13 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, 176 homes were sold in Williamsburg; 64% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 7% 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 17 Days Ago

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MLS Disclaimers and Copyright

Based on information from Real Estate Information Network, Central Virginia Regional MLS, and BrightMLS for the period 12/01/2022 - 12/01/2024

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The listing data relating to real estate for sale on this web site comes in part from the Real Estate Information Network Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.

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Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions.

Some of these listings contain enhanced listing information including mapping from sources such as Google, Bing, Microsoft, Yahoo, WalkScore and others.

Some properties which appear for sale on this website have subsequently sold or may no longer be available. REIN updates its listings on a daily basis.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX 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
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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