Is Waycross, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Waycross was a Buyer's Market.
Key Takeaway
Waycross is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waycross, GA
How much do homes in Waycross, GA cost?
Median Sold Price
$137,500
$98/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Waycross have sold for 9.5% less than they did a month ago.
Summary: The median home sold price in Waycross was $137,500 in May 2024, down 9.5% from last month, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $194.9K | $121.2K | -37.8% |
| 4 Bedrooms | $151.9K | $329K | +116.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Waycross housing prices by bedroom type for May 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 decreased by 37.8%, 4 bedroom homes increased by 116.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Waycross | $151.9K | $137.5K | -9.5% |
| Blackshear | $294K | $209.9K | -28.6% |
Housing Supply in Waycross, GA
How many homes are available in Waycross, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Summary: The Waycross real estate market had 44 homes for sale in May 2024, a 10.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Waycross housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Waycross, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Waycross in May 2024, up by 100.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Waycross, GA
How long does it take to sell a home in Waycross, GA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 86 Days | 45 Days | -47.8% |
Summary: Homes in Waycross had an average of 45 days on market in May 2024, down by 47.8% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Waycross has remained consistent over time.
Summary: During May 2024, 10 homes were sold in Waycross; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
