Is Warrenton, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$635,238
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Warrenton have sold for 28.9% more than they did a year ago.
Summary: The median home sold price in Warrenton was $635,238 in March 2024, up 28.9% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $203.1K | N/A |
| 2 Bedrooms | $287.3K | $298K | +3.7% |
| 3 Bedrooms | $440K | $499.4K | +13.5% |
| 4 Bedrooms | $630K | $665K | +5.6% |
| 5+ Bedrooms | $630K | $832.5K | +32.1% |
Summary: Warrenton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 32.1%.
Housing Supply in Warrenton, VA
How many homes are available in Warrenton, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 155 | 167 | +7.7% |
Summary: The Warrenton real estate market had 167 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 52 | 52 | 0.0% |
| 4 Bedrooms | 61 | 74 | +21.3% |
| 5+ Bedrooms | 36 | 36 | 0.0% |
Summary: The Warrenton 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 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 43 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warrenton, you could pay more than the asking price. 69.8% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in Warrenton in March 2024, the same as the previous month. Of the 43 sold homes, 7% were sold under asking, 23% were sold at asking, and 70% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 14 Days | 19 Days | +33.0% |
Summary: Homes in Warrenton had an average of 19 days on market in Mar 2024, up by 33% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warrenton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 43 homes were sold in Warrenton; 88% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 5% 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.