23185 — Williamsburg city, Virginia Market Snapshot
Housing market data for zip code 23185 in Williamsburg city, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
224 sales in 2026 (year to date)
Median Sale Price
$499,857
Days to Sell
35
Homes Sold
224
Inventory
159
Sale-to-List
99.7%
New Listings
310
Price/SqFt
$219
Pending Sales
278
Conforming Loan Available
Most homebuyers in 23185 can comfortably use conventional financing. The median home price of $499,857 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
23185's market is balanced with homes taking an average of 35 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 23185 (99.7% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23185 can comfortably use conventional financing. The median home price of $499,857 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 23185 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 23185
To purchase the median home at $499,857 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,980.
Monthly Payment
$3,980
Income Required
$170,561
Principal & Interest
$3,080/mo
Down Payment (5%)
$24,993
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 23185.
Estimated Monthly Payment
$3,244
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 23185. Tell us what you're looking for.