Is Warrenton, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warrenton is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Warrenton has remained a Seller's Market.

Key Takeaway

Warrenton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Warrenton, VA

How much do homes in Warrenton, VA cost?

Median Sold Price

$660,000

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$68,000(+11.5%)

Key Takeaway

Homes in Warrenton have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in Warrenton was $660,000 in September 2024, up 11.5% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$203.1K
N/A
2 $310K$346K
+11.6%
3 $488.4K$510K
+4.4%
4 $640K$718.9K
+12.3%
5+ $790K$841K
+6.5%

Summary: Warrenton housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 6.5%.

Median Sold Price Compared To Nearby Cities

Warrenton
+11.5%
Center
+5.7%
Cedar Run
+2.5%
Marshall
+1.1%

Housing Supply in Warrenton, VA

How many homes are available in Warrenton, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
187175-6.4%

Summary: The Warrenton real estate market had 175 homes for sale in September 2024, a 6.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 38
+166.7%
3 6760
-10.4%
4 7563
-16.0%
5+ 4144
+7.3%

Summary: The Warrenton housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 166.7%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes increased by 7.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
6346-27.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warrenton, you could pay more than the asking price. 39.1% of homes here sold above asking price last month.

Summary: A total of 46 homes were sold or pending in Warrenton in September 2024, down by 27.0% month-over-month. Of the 46 sold homes, 30% were sold under asking, 30% were sold at asking, and 39% were sold over asking.

Days on Market for Warrenton, VA

How long does it take to sell a home in Warrenton, VA?

Average Sale Time

Sep 2023Sep 2024CHANGE
29 Days22 Days-24.5%

Summary: Homes in Warrenton had an average of 22 days on market in Sep 2024, down by 24.5% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Warrenton are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 46 homes were sold in Warrenton; 76% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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