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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waynesboro is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Waynesboro, VA

How much do homes in Waynesboro, VA cost?

Median Sold Price

$309,100

$197/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$23,100(+8.1%)

Key Takeaway

Homes in Waynesboro have sold for 8.1% more than they did a month ago.

Summary: The median home sold price in Waynesboro was $309,100 in October 2024, up 8.1% from last month, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $198K$170K
-14.1%
3 $286K$261K
-8.7%
4 $325K$386.6K
+19.0%
5+ -$469.5K
N/A

Summary: Waynesboro housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.1%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 19%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Wayne
+43.7%
South River
+12.4%
Waynesboro
+8.1%
Waynesboro
+8.1%

Housing Supply in Waynesboro, VA

How many homes are available in Waynesboro, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4342-2.3%

Summary: The Waynesboro real estate market had 42 homes for sale in October 2024, a 2.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 44
0.0%
3 2018
-10.0%
4 1315
+15.4%
5+ 54
-20.0%

Summary: The Waynesboro 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 10%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
11110.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waynesboro, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Waynesboro in October 2024, the same as the previous month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.

Days on Market for Waynesboro, VA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
12 Days55 Days+327.8%

Summary: Homes in Waynesboro had an average of 55 days on market in Oct 2024, up by 327.8% compared to last month.

Breakdown of Home Sale Times

5 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 Waynesboro are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in Waynesboro; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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 14 Days Ago

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Newest Listings in Waynesboro, VA

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MLS Disclaimers and Copyright

Based on information from BrightMLS, and Central Virginia Regional MLS for the period 09/01/2024 - 11/01/2024

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 9:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 9:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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