Is Warren County, VA 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, Warren County was a Seller's Market.
Key Takeaway
Warren County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Warren County, VA
How much do homes in Warren County, VA cost?
Median Sold Price
$376,200
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Warren County have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Warren County was $376,200 in March 2024, up 11.7% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $193.7K | $182.5K | -5.8% |
| 2 Bedrooms | $250K | $279.9K | +12.0% |
| 3 Bedrooms | $348.2K | $379K | +8.8% |
| 4 Bedrooms | $366.5K | $425K | +16.0% |
| 5+ Bedrooms | $570K | $448K | -21.4% |
Summary: Warren County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 21.4%.
Median Sold Price Compared To Nearby Counties
| Warren County | $336.8K | $376.2K | +11.7% |
| Shenandoah County | $292K | $315K | +7.8% |
| Frederick County | $378.6K | $399.9K | +5.6% |
| Clarke County | $522.9K | $512.5K | -2.0% |
Housing Supply in Warren County, VA
How many homes are available in Warren County, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 300 | 340 | +13.3% |
Summary: The Warren County real estate market had 340 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 40 | 41 | +2.5% |
| 3 Bedrooms | 154 | 176 | +14.3% |
| 4 Bedrooms | 84 | 94 | +11.9% |
| 5+ Bedrooms | 19 | 26 | +36.8% |
Summary: The Warren County 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 increased by 2.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 36.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 39 | +14.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warren County, you could pay more than the asking price. 35.9% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Warren County in March 2024, up by 14.7% month-over-month. Of the 39 sold homes, 33% were sold under asking, 31% were sold at asking, and 36% were sold over asking.
Days on Market for Warren County, VA
How long does it take to sell a home in Warren County, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 47 Days | -3.3% |
Summary: Homes in Warren County had an average of 47 days on market in Mar 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warren County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 39 homes were sold in Warren County; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.