$4,928 Closing Credit*
$414,950
2,096 SqFt
3 Beds
•2 Full Baths, 1 Partial
Blakely Smith, Listing Office: Hometown Realty
Is Warsaw, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Warsaw has remained a Seller's Market.
Key Takeaway
Warsaw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warsaw, VA
How much do homes in Warsaw, VA cost?
Median Sold Price
$261,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$250(-0.1%)
Key Takeaway
The sold price of homes in Warsaw has remained the same since last year.
Summary: The median home sold price in Warsaw was $261,000 in October 2024, down 0.1% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $354.4K | $49K | -86.2% |
| 2 Bedrooms | $210K | $100K | -52.4% |
| 3 Bedrooms | $261.2K | $298K | +14.1% |
| 4 Bedrooms | $265K | $292.5K | +10.4% |
| 5+ Bedrooms | $790K | $110K | -86.1% |
Summary: Warsaw housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 86.2%, 2 bedroom homes decreased by 52.4%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 86.1%.
Housing Supply in Warsaw, VA
How many homes are available in Warsaw, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Summary: The Warsaw real estate market had 31 homes for sale in October 2024, a 8.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 26 | 23 | -11.5% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Warsaw 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 remained the same, 3 bedroom homes decreased by 11.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warsaw, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Warsaw in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Warsaw, VA
How long does it take to sell a home in Warsaw, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 37 Days | +98.2% |
Summary: Homes in Warsaw had an average of 37 days on market in Oct 2024, up by 98.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Warsaw are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Warsaw; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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