Is Warren County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Warren County was a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $172.5K | $182.5K | +5.8% |
2 Bedrooms | $259.9K | $255K | -1.9% |
3 Bedrooms | $349K | $385K | +10.3% |
4 Bedrooms | $388K | $422K | +8.8% |
5+ Bedrooms | $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 | $340.3K | $380.4K | +11.8% |
Shenandoah County | $295K | $318.6K | +8.0% |
Frederick County | $380K | $401.3K | +5.6% |
Clarke County | $529.2K | $510K | -3.6% |
Rappahannock County | $663.6K | $525K | -20.9% |
Housing Supply in Warren County, VA
How many homes are available in Warren County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
224 | 267 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 26 | 28 | +7.7% |
3 Bedrooms | 131 | 163 | +24.4% |
4 Bedrooms | 48 | 54 | +12.5% |
5+ Bedrooms | 18 | 20 | +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 2024 | May 2024 | CHANGE |
---|---|---|
45 | 33 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 25 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
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.