Is Waco, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Waco has remained a Seller's Market.
Key Takeaway
Waco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waco, GA
How much do homes in Waco, GA cost?
Median Sold Price
$395,000
$179/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Waco have sold for 41.1% more than they did a month ago.
Summary: The median home sold price in Waco was $395,000 in March 2024, up 41.1% from last month, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $395K | N/A |
| 3 Bedrooms | $175K | $355K | +102.9% |
| 4 Bedrooms | $290K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Waco housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 102.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Waco | $222.5K | $395K | +77.5% |
| Waco | $280K | $395K | +41.1% |
Housing Supply in Waco, GA
How many homes are available in Waco, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Summary: The Waco real estate market had 3 homes for sale in March 2024, a 62.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 3 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Waco housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waco, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Waco in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Waco, GA
How long does it take to sell a home in Waco, GA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 15 Days | -57.7% |
Summary: Homes in Waco had an average of 15 days on market in Mar 2024, down by 57.7% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Waco are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Waco; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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