Is Waynesboro, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Waynesboro was a Buyer's Market.
Key Takeaway
Waynesboro is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Waynesboro, TN
How much do homes in Waynesboro, TN cost?
Median Sold Price
$190,250
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Waynesboro have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Waynesboro was $190,250 in March 2024, up 8.7% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.4K | $62K | +14.0% |
| 2 Bedrooms | $135.5K | $187.5K | +38.4% |
| 3 Bedrooms | $180K | $185.5K | +3.1% |
| 4 Bedrooms | $225K | $209K | -7.1% |
| 5+ Bedrooms | $417K | $500K | +19.9% |
Summary: Waynesboro housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 38.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 19.9%.
Housing Supply in Waynesboro, TN
How many homes are available in Waynesboro, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Summary: The Waynesboro real estate market had 19 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Waynesboro 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 decreased by 14.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waynesboro, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Waynesboro in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Waynesboro, TN
How long does it take to sell a home in Waynesboro, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 47 Days | 79 Days | +66.3% |
Summary: Homes in Waynesboro had an average of 79 days on market in Mar 2024, up by 66.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Waynesboro are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Waynesboro; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.