Is Ware, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ware is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Ware was a Buyer's Market.

Key Takeaway

Ware is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ware, VA

How much do homes in Ware, VA cost?

Median Sold Price

$349,750

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,250(+4.6%)

Key Takeaway

Homes in Ware have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Ware was $349,750 in October 2024, up 4.6% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$248.5K
N/A
2 $288K$349K
+21.2%
3 $334.7K$345K
+3.1%
4 $484.9K$409.9K
-15.5%
5+ $410K$699.9K
+70.7%

Summary: Ware housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes increased by 70.7%.

Median Sold Price Compared To Nearby Cities

Petsworth
+8.0%
Gloucester
+5.9%
Ware
+4.6%
Abingdon
+1.0%

Housing Supply in Ware, VA

How many homes are available in Ware, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7986+8.9%

Summary: The Ware real estate market had 86 homes for sale in October 2024, a 8.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1214
+16.7%
3 4849
+2.1%
4 1216
+33.3%
5+ 44
0.0%

Summary: The Ware housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1526+73.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ware, expect to pay close to the asking price. 35.7% of homes here sold near the asking price last month.

Summary: A total of 26 homes were sold or pending in Ware in October 2024, up by 73.3% month-over-month. Of the 14 sold homes, 29% were sold under asking, 36% were sold at asking, and 36% were sold over asking.

Days on Market for Ware, VA

How long does it take to sell a home in Ware, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days50 Days+127.0%

Summary: Homes in Ware had an average of 50 days on market in Oct 2024, up by 127% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 26 homes were sold in Ware; 54% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 19% 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 16 Days Ago

Newest Listings in Ware, VA

Nearby Markets to Ware, VA

What housing markets are near Ware, VA?