Welcome to your February Market Update, where we dig into the latest real estate trends across Williamsburg and Toano. Whether you’re thinking about buying, selling, or just keeping tabs on the market, this breakdown will give you the scoop—without the boring jargon. So, let’s dive in!
🏡 Williamsburg, VA 23185: Prices Are Up, But So Are Days on Market
The Headlines:
✔ Median Sold Price: $460,065 (⬆ 15.05% month-over-month)
✔ Months of Inventory: 1.53 months (⬆ 19.53% month-over-month)
✔ Sold-to-List Price Ratio: 100% (⬆ 2.82% month-over-month)
✔ Median Days on Market: 17 days (⬆ 21.43% month-over-month)
What This Means for You
Sellers, this is still your market—but the game is shifting slightly. Prices jumped over 15%, meaning buyers are paying more. However, homes are also taking longer to sell, with median days on market increasing by 21.43%.
Buyers, while prices have climbed, the increase in inventory (+19.53%) means you might start seeing a little less competition in certain price points. However, the 100% sold-to-list price ratio tells us sellers aren’t budging much on price—so don’t expect major discounts!
🏡 Williamsburg, VA 23188: More Inventory & Longer Market Time
The Headlines:
✔ Median Sold Price: $405,000 (⬇ 13.36% month-over-month)
✔ Months of Inventory: 2.07 months (⬆ 27.78% month-over-month)
✔ Sold-to-List Price Ratio: 98.2% (⬇ 1.72% month-over-month)
✔ Median Days on Market: 36 days (⬆ 71.43% month-over-month)
What This Means for You
Sellers, this market is cooling a bit compared to last month. Prices dropped 13.36%, and homes are taking much longer to sell (median days on market jumped 71%). If you’re listing your home, be strategic with pricing and presentation—buyers are taking their time and weighing options more carefully.
Buyers, you’ve got more choices (+27.78% inventory increase) and a bit more negotiating power (sold-to-list ratio dipped to 98.2%). If you’ve been waiting for the right moment, now might be the time to make your move!
🏡 Toano, VA 23168: Homes Are Flying Off the Market!
The Headlines:
✔ Median Sold Price: $366,500 (⬇ 27.43% month-over-month)
✔ Months of Inventory: 1.21 months (⬇ 18.79% month-over-month)
✔ Sold-to-List Price Ratio: 99% (⬇ 1.13% month-over-month)
✔ Median Days on Market: 7 days (⬇ 79.41% month-over-month)
What This Means for You
Sellers, homes are moving FAST in Toano—median days on market dropped a staggering 79.41% to just 7 days! However, prices have taken a dip (-27.43%), so if you’re selling, it’s crucial to price right to attract strong offers quickly.
Buyers, if you find a home you love in Toano, don’t wait—inventory is shrinking (-18.79%), and homes are going under contract quickly. If you’re serious about buying here, be ready to act fast and make competitive offers.
📌 The Big Takeaways
- Williamsburg 23185: Prices are up, but homes are sitting a bit longer.
- Williamsburg 23188: Prices dipped, inventory grew, and buyers have more room to negotiate.
- Toano 23168: Homes are selling at lightning speed, but at lower prices than last month.
Bottom Line?
The market is shifting, but sellers still have the upper hand—especially in the lower-inventory areas. If you’re thinking about buying or selling, knowing these trends helps you strategize like a pro.
👉 Thinking about making a move? Let’s chat and find the best approach for YOU! Your Goals. My Focus. Success. 💛
