23188 — Williamsburg city, Virginia Market Snapshot
Housing market data for zip code 23188 in Williamsburg city, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
52 sales in 2026 (year to date)
Median Sale Price
$386,500
Days to Sell
31
Homes Sold
52
Inventory
41
Sale-to-List
99.4%
New Listings
70
Price/SqFt
$209
Pending Sales
54
Conforming Loan Available
Most homebuyers in 23188 can comfortably use conventional financing. The median home price of $386,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
23188's market is balanced with homes taking an average of 31 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 23188 (99.4% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23188 can comfortably use conventional financing. The median home price of $386,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 23188 are set at the county level.
2026 Loan Limits — Williamsburg city
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $757,850 |
| 2 Units | $1,066,250 | $970,200 |
| 3 Units | $1,288,800 | $1,172,750 |
| 4 Units | $1,601,750 | $1,457,450 |
Affordability Snapshot — Zip 23188
To purchase the median home at $386,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,111.
Monthly Payment
$3,111
Income Required
$133,339
Principal & Interest
$2,381/mo
Down Payment (5%)
$19,325
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 23188.
Estimated Monthly Payment
$2,542
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