BOLD REALTY MARKET REPORT

Williamsburg, VA

Single-Family Homes

TOM MILAN 757-777-7577



Williamsburg, VA

Tue Oct 19 2021
This week the median list price for Williamsburg, VA is $454,500 with the market action index hovering around 54. This is an increase over last month's market action index of 52. Inventory has decreased to 161. Click here to stay informed with the Williamsburg market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Williamsburg, VA

Tue Oct 19 2021
This week the median list price for Williamsburg, VA is $454,500 with the market action index hovering around 54. This is an increase over last month's market action index of 52. Inventory has decreased to 161. Click here to stay informed with the Williamsburg market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Williamsburg market.
Median List Price $454,500
Median Price of New Listings $465,000
Per Square Foot $188
Average Days on Market 78
Median Days on Market 28
Price Decreased 23%
Price Increased 5%
Relisted 33%
Inventory 161
Median Rent
Market Action 54
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$979,699 4,755 0.5 - 1 acre 4 4 21 9 7 49
$599,750 2,915 0.25 - 0.5 acre 4 3 18 11 14 35
$376,000 2,100 0.25 - 0.5 acre 3 2 20 7 10 17
$279,900 1,539 0.25 - 0.5 acre 3 2 36 11 12 21