Williamsburg Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

Market Temperature: NeutralWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median list price per square foot in Williamsburg is $146, which is higher than the Virginia Beach Metro average of $127. The median price of homes currently listed in Williamsburg is $339,990 while the median price of homes that sold is $254,400. The median rent price in Williamsburg is $1,393, which is higher than the Virginia Beach Metro median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In Williamsburg 0.2 homes are foreclosed (per 10,000). This is lower than the Virginia Beach Metro value of 1.9 and also lower than the national value of 5.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Williamsburg is 3.5%, which is lower than the national value of 8.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Williamsburg homeowners underwater on their mortgage is 15.6%, which is lower than Virginia Beach Metro at 25.4%.

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Relative ZHVI
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Williamsburg Market Overview

Data through Feb 28, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $339,990 Median listing price
  • $254,400 Median sale price
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Williamsburg Market Health

Data through Feb 28, 2014
  • No recent data Less healthy
  • No data Average of days on Zillow
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)

Homes foreclosed (per 10,000)

0.2 homes(Aug 31, 2012) Williamsburg
1.9 homes Virginia Beach Metro
5 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Yorktown $289,800 Seaford $274,300 Newport News $152,200

Listings & Sales

Data through Feb 28, 2014
  • $146 Median list price / sq ft
  • $131 Median sale price / sq ft
  • 26.6% Listings with price cut
31.4%
Sold below listing
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Williamsburg Rentals

Data through Feb 28, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,782 Williamsburg
$1,413 Virginia Beach Metro
$1,310 United States
  • No recent data Breakeven horizon
  • $1,393 Rent list price
  • $0.94 Rent list price / sq ft
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