Is Warren County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warren County is a buyer's market

Buyer's
Market

Difference Since May 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

$380,400

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$40,025(+11.8%)

Key Takeaway

Homes in Warren County have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Warren County was $380,400 in May 2024, up 11.8% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $172.5K$182.5K
+5.8%
2 $259.9K$255K
-1.9%
3 $349K$385K
+10.3%
4 $388K$422K
+8.8%
5+ $515K$480K
-6.8%

Summary: Warren County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 6.8%.

Median Sold Price Compared To Nearby Counties

Warren County
+11.8%
Shenandoah County
+8.0%
Frederick County
+5.6%
Clarke County
-3.6%
Rappahannock County
-20.9%

Housing Supply in Warren County, VA

How many homes are available in Warren County, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
224267+19.2%

Summary: The Warren County real estate market had 267 homes for sale in May 2024, a 19.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 2628
+7.7%
3 131163
+24.4%
4 4854
+12.5%
5+ 1820
+11.1%

Summary: The Warren County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4533-26.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warren County, you could pay more than the asking price. 39.4% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in Warren County in May 2024, down by 26.7% month-over-month. Of the 33 sold homes, 36% were sold under asking, 24% were sold at asking, and 39% 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

May 2023May 2024CHANGE
24 Days25 Days+4.3%

Summary: Homes in Warren County had an average of 25 days on market in May 2024, up by 4.3% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 33 homes were sold in Warren County; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% 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 1 Day Ago

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