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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waterford is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Waterford has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Waterford, VA

How much do homes in Waterford, VA cost?

Median Sold Price

$849,900

$264/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$317,595(-27.2%)

Key Takeaway

Homes in Waterford have sold for 27.2% less than they did a month ago.

Summary: The median home sold price in Waterford was $849,900 in November 2024, down 27.2% from last month, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$620K
N/A
3 $624.5K-
N/A
4 $1.3M$849.9K
-35.5%
5+ $1.4M$1.1M
-22.0%

Summary: Waterford housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 35.5%, and 5+ bedroom homes decreased by 22%.

Housing Supply in Waterford, VA

How many homes are available in Waterford, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
127-41.7%

Summary: The Waterford real estate market had 7 homes for sale in November 2024, a 41.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 20
-100.0%
4 53
-40.0%
5+ 43
-25.0%

Summary: The Waterford 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 decreased by 100%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer33%33%33%

Key Takeaway

If you're buying a home in Waterford, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Waterford in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Waterford, VA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
26 Days51 Days+98.7%

Summary: Homes in Waterford had an average of 51 days on market in Nov 2024, up by 98.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times67%33%

Key Takeaway

Avg time on Rocket Homes in Waterford has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Waterford; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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