Is Waynesboro, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Waynesboro was a Buyer's Market.
Key Takeaway
Waynesboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waynesboro, VA
How much do homes in Waynesboro, VA cost?
Median Sold Price
$305,000
$173/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Waynesboro have sold for 3% more than they did a month ago.
Summary: The median home sold price in Waynesboro was $305,000 in May 2024, up 3% from last month, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $234K | N/A |
| 3 Bedrooms | $282.7K | $299K | +5.7% |
| 4 Bedrooms | $440.7K | $329.9K | -25.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Waynesboro 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 increased by 5.7%, 4 bedroom homes decreased by 25.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Waynesboro | $296.2K | $305K | +3.0% |
| Waynesboro | $296.2K | $305K | +3.0% |
Housing Supply in Waynesboro, VA
How many homes are available in Waynesboro, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 53 | +23.3% |
Summary: The Waynesboro real estate market had 53 homes for sale in May 2024, a 23.3% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 25 | 36 | +44.0% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Waynesboro 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 200%, 3 bedroom homes increased by 44%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 16 | +166.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waynesboro, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Waynesboro in May 2024, up by 166.7% month-over-month. Of the 15 sold homes, 27% were sold under asking, 60% were sold at asking, and 13% were sold over asking.
Days on Market for Waynesboro, VA
How long does it take to sell a home in Waynesboro, VA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 27 Days | +149.4% |
Summary: Homes in Waynesboro had an average of 27 days on market in May 2024, up by 149.4% compared to last month.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 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 May 2024, 16 homes were sold in Waynesboro; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
