Williamsburg, VA Home Values & Market Trends

Real estate market trends reflect that there have been 1,725 transactions over the past year in Williamsburg. The median value for residential home transactions that occurred over the previous year is $442,934. The number of current listings in Williamsburg is 164, and the percentage of properties for sale in the city is 164.00%. Williamsburg, VA currently has 34 properties in foreclosure, 5 bank owned properties, 29 properties headed for auction, and 164 properties for sale.

Williamsburg, VA Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
23185

$ 473,021

$ 217/sqft

23188

$ 455,000

$ 205/sqft

23185

$ 473,021

$ 217/sqft

23186

$ --

$ --

23188

$ 455,000

$ 205/sqft

23186

$ --

$ --

Housing Market Summary for Williamsburg, VA

Apr 2023March 2024Change
Median Listing Price$485.8K$449.5K-7.47%
Median Sold Price$414.7K$449.5K8.40%
Homes For Sale150136-9.33%
Homes Sold9549913.88%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Williamsburg, VA

Williamsburg home values range from $26,935 to $8,602,476. The median estimated value of a home in Williamsburg is $442,934. The median list price of a home is 463,425, and the total count of properties in the city is 35,061.

Foreclosure
There are 6 zips within Williamsburg, VA; within these zips, the median estimated home value for homes in foreclosure ranges from $1,005,190 in 23185 to the lowest value of $196,601 in 23185. Foreclosure homes account for 0.00% of properties in Williamsburg, VA with 23185 containing 20 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Williamsburg, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 6 zips within Williamsburg, VA; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Williamsburg, VA ranges from the highest value of $447,864 in 23185 to the lowest value of $224,134 in 23185. Bank owned homes and properties account for 0.01% of properties in Williamsburg, VA. There are 6 zips within Williamsburg, VA; 23185 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    23185 has 16 auction properties, the highest number of properties going to auction in a single zip in the state of Williamsburg, VA. Auction homes and other auction properties account for 0.08% of all properties in Williamsburg, VA. There are 6 zips within Williamsburg, VA; of those zips, the median estimated home value for homes going to auction ranges from $1,009,357 in 23188 to the lowest value of $196,601 in 23188.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.47% of residential properties in Williamsburg, VA with 23185 containing 83 homes for sale, the highest number of listed properties in a single zip. There are 6 zips within Williamsburg, VA; homes for sale in those zips, have a range of median values from $3,498,820 in 23188 to the lowest value of $80,048 in 23185.
    Sold Homes
    The median value for recently sold homes ranges from $3,171,316 in 23185 to the lowest price of $80,912 in 23185. There are 6 zips within Williamsburg, VA. 23188 has 527 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.95% of properties in Williamsburg, VA.

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      Guide for Williamsburg, VA

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      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
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      Market Reports|posted 1 April 2024

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      Steady Growth Marks Norfolk Real Estate Landscape; Property Value Reaches $315K in March 2024
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      Chesapeake Property Values Rise 7%, Sales Dynamics Vary in Recent Analysis
      Market Reports|posted 20 March 2024

      The Chesapeake real estate market has seen steady growth in property values, increasing by 7% over 11 months.

      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
      Market Reports|posted 13 February 2024

      The property market in Virginia Beach, VA, has generally seen an increase in property values, per square foot values, and sold prices from 2022 to 2023. Factors such as economic growth and societal changes may contribute to this upward trend.