The housing market in James City continues to see strong price appreciation, with values up 22.8% compared to last year. The median home price of $325,495 represents a substantial 22.8% increase from this time last year. With 28 active listings, inventory is 87% higher than seasonal norms. Properties are selling within just 9 days on average, much faster than the historical norm of 34 days. A significant 21.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 41.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the James City market with the affordability index at 312.1. Based on current market indicators, home prices in James City are projected to increase by approximately 5.1% over the next month.