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Saturday, November 23, 2024

Williamsburg home prices fall in the first quarter of 2020

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The median sale price of a home sold in the first quarter of 2020 in Williamsburg fell by $23,885 while total sales increased by 20.5%, according to BlockShopper.com.

From January through March of 2020, there were 47 homes sold, with a median sale price of $205,000 - a 10.4% decrease over the $228,885 median sale price for the same period of the previous year. There were 39 homes sold in Williamsburg in the first quarter of 2019.

The median sales tax in Williamsburg for the most recent year with available data, 2016, was $1,674, approximately 0.8% of the median home sale price for the first quarter of 2020.

The following table compares Williamsburg to other York County cities in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
Yorktown1399940.4%$300,000$270,00011.1%
Williamsburg473920.5%$205,000$228,885-10.4%

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