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 seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Warren County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Warren County, VA

How much do homes in Warren County, VA cost?

Median Sold Price

$385,000

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,500(+6.2%)

Key Takeaway

Homes in Warren County have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Warren County was $385,000 in November 2024, up 6.2% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $172.5K$205K
+18.8%
2 $275K$259K
-5.8%
3 $364.3K$386.8K
+6.2%
4 $420K$425K
+1.2%
5+ $448K$562.4K
+25.6%

Summary: Warren County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.8%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 25.6%.

Median Sold Price Compared To Nearby Counties

Rappahannock County
+6.8%
Warren County
+6.2%
Shenandoah County
+6.1%
Frederick County
+3.8%
Clarke County
-8.3%

Housing Supply in Warren County, VA

How many homes are available in Warren County, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
239220-7.9%

Summary: The Warren County real estate market had 220 homes for sale in November 2024, a 7.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 2118
-14.3%
3 138128
-7.2%
4 5449
-9.3%
5+ 2523
-8.0%

Summary: The Warren County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes decreased by 8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6448-25.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warren County, expect to pay close to the asking price. 39.6% of homes here sold near the asking price last month.

Summary: A total of 48 homes were sold or pending in Warren County in November 2024, down by 25.0% month-over-month. Of the 48 sold homes, 25% were sold under asking, 40% were sold at asking, and 35% 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

Nov 2023Nov 2024CHANGE
23 Days22 Days-3.3%

Summary: Homes in Warren County had an average of 22 days on market in Nov 2024, down by 3.3% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

8 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 November 2024, 48 homes were sold in Warren County; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% 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 20 Days Ago

Newest Listings in Warren County, VA

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