Is Williamsburg, VA 23188 a buyer’s or seller’s market?
Williamsburg is a seller’s market. With about 3 months of supply and 19% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 56% of U.S. ZIP codes, and #229 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Williamsburg housing market right now
In the three months ending August 31, 2026, 19% of homes in Williamsburg, VA 23188 sold above their list price, the typical home went under contract in 32 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 273 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (27 days then) and the median sale price rose 11% to $521,274. Overall, Williamsburg is less competitive than a year ago, which gives buyers more room.
On our competition score, Williamsburg ranks #229 of 358 VA ZIP codes with enough sales (score 54 out of 100).
Nearby, Toano 23168 (28% sold over asking) and Williamsburg 23185 (22% sold over asking) are even more competitive.
Run the numbers for 23188
Nearby markets
Toano 23168Seller’s market $207 /sq ftWilliamsburg 23185Seller’s market $220 /sq ft Browse all markets →Towns like Williamsburg nearby
Find towns like Williamsburg in other states →Where Williamsburg is
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Questions about Williamsburg real estate
Is Williamsburg a buyer’s or seller’s market?
A seller’s market: there were 3 months of supply in Williamsburg, VA 23188 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Williamsburg?
The typical home went under contract in 32 days in the latest three months.
Do homes in Williamsburg sell over asking?
19% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.
What are property taxes in Williamsburg?
About 0.65% of a home’s value a year in James City County, or roughly $2,600 on a $400,000 home.
What is the median home price in Williamsburg?
The median sale price was $521,274 in the three months ending August 31, 2026, about $224 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology