Local Market Trends Insight: March 2025

Dated: April 23 2025

Views: 459

WAAR Regional Map

WAAR REGION: NEW KENT COUNTY | CHARLES CITY COUNTY | WILLIAMSBURG | JAMES CITY COUNTY | YORKTOWN | YORK COUNTY | VIRGINIA

March 2025 Market Update: Local Sales Down, Prices and Listings Up — What It Means for Buyers and Sellers

by Tia Stanley Real Estate - RE/MAX CAPITAL

Spring is here, and with it comes a fresh look at the local housing market in the WAAR region. March delivered a mixed bag of news for buyers and sellers alike, revealing shifting trends in sales activity, home prices, and inventory across our area — including Williamsburg, James City County, York County, Charles City County, and New Kent County.

📉 Sales Activity Softens Regionwide

Total home sales in the WAAR region dropped slightly in March 2025. There were 239 homes sold, marking a 5.2% decline from the same time last year — that’s 13 fewer sales overall.

  • James City County experienced the steepest decline, with 25 fewer sales, a 19.2% drop.
  • Charles City County saw a complete halt in activity, with zero closings, down from nine last year.
  • New Kent County is up 2.5% with 41 sales over 40 sales the previous year.

However, not all areas slowed down:

  • York County sales climbed 19.7%, reflecting strong buyer demand.
  • Williamsburg saw a 66.7% surge in home sales — the biggest jump in the region.

🕒 Pending Sales Holding Steady

Pending sales (a strong indicator of upcoming closings) were slightly up, with 273 homes under contract — a modest 1.5% increase from last March.

  • York County led the way with 15 more pending contracts, a 28.3% rise.
  • Williamsburg also had a healthy uptick of 6 more pending sales (+37.5%).
  • James City County, however, recorded 16 fewer pending sales, marking an 11.8% drop — a trend worth watching closely.

💰 Prices Continue to Rise

Good news for sellers: prices are still climbing. March marked the fifth consecutive month of price gains in the WAAR region. The median sales price rose 14.0% to $459,900 — that’s $56,400 more than a year ago.

  • James City County led with a 19.0% increase.
  • New Kent County wasn’t far behind, posting a 16.2% jump.

These price gains are a direct reflection of tight inventory, buyer competition, and the quality of homes entering the market.

📦 Inventory Finally Rising

After months of limited options, inventory is showing signs of life. The number of active listings surged 43.3%, reaching 678 homes on the market — 205 more listings than this time last year.

  • James City County saw the biggest boost, with 125 more homes available (+61.0%).
  • New Kent County followed with 33 additional listings, up 31.7% from last year.

This influx provides fresh opportunities for buyers and a signal for sellers that the spring market is heating up.

Whether you’re buying, selling, or just keeping an eye on the market, having the right guidance matters more than ever, especially in a shifting market. Let’s talk about how these trends impact your next move.

📞 Call Tia Stanley with RE/MAX CAPITAL today at 757-243-3245

REALTOR. ADVISOR.ADVOCATE. FRIEND...it matters who you hire!

Source: Virginia REALTORS®, data accessed April 15, 2025

Blog author image

Tia Stanley

A full-time REALTOR since 2006, I have nurtured relationships with clients, other agents and contractors earning trust and loyalty, resulting in repeat business, referrals, and quite a few friendships....

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