Is Waycross, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waycross is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Waycross was a Seller's Market.

Key Takeaway

Waycross is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Waycross, GA

How much do homes in Waycross, GA cost?

Median Sold Price

$159,950

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$2,550(-1.6%)

Key Takeaway

Homes in Waycross have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Waycross was $159,950 in November 2024, down 1.6% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $7K$40K
+471.4%
2 $89.7K$59.5K
-33.7%
3 $170.8K$165K
-3.4%
4 $251.2K$206.9K
-17.6%
5+ $362K$220K
-39.2%

Summary: Waycross housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 471.4%, 2 bedroom homes decreased by 33.7%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 39.2%.

Median Sold Price Compared To Nearby Cities

Waycross
-1.6%
Blackshear
-19.5%

Housing Supply in Waycross, GA

How many homes are available in Waycross, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7787+13.0%

Summary: The Waycross real estate market had 87 homes for sale in November 2024, a 13.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1111
0.0%
3 4652
+13.0%
4 1416
+14.3%
5+ 68
+33.3%

Summary: The Waycross housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
512+140.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waycross, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Waycross in November 2024, up by 140.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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

Nov 2023Nov 2024CHANGE
61 Days57 Days-7.0%

Summary: Homes in Waycross had an average of 57 days on market in Nov 2024, down by 7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 12 homes were sold in Waycross; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

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