Is Williamsburg, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Williamsburg was a Seller's Market.
Housing Prices in Williamsburg, MI
How much do homes in Williamsburg, MI cost?
Median Sold Price
$492,260
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Williamsburg was $492,260 in May 2024, down 16.4% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300K | $320K | +6.7% |
3 Bedrooms | $589K | $438.5K | -25.6% |
4 Bedrooms | $750K | $757K | +0.9% |
5+ Bedrooms | $735K | $750K | +2.0% |
Summary: Williamsburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 25.6%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
Acme Township | $415K | $458K | +10.4% |
Williamsburg | $589K | $492.2K | -16.4% |
Housing Supply in Williamsburg, MI
How many homes are available in Williamsburg, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 46 | +53.3% |
Summary: The Williamsburg real estate market had 46 homes for sale in May 2024, a 53.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 7 | +133.3% |
3 Bedrooms | 15 | 14 | -6.7% |
4 Bedrooms | 9 | 17 | +88.9% |
5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Williamsburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 133.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 88.9%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Williamsburg in May 2024, down by 33.3% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Williamsburg, MI
How long does it take to sell a home in Williamsburg, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 118 Days | +282.6% |
Summary: Homes in Williamsburg had an average of 118 days on market in May 2024, up by 282.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Williamsburg; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.