Is Warrenton, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Warrenton has remained a Seller's Market.
Key Takeaway
Warrenton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warrenton, VA
How much do homes in Warrenton, VA cost?
Median Sold Price
$645,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Warrenton have sold for 29.3% more than they did a year ago.
Summary: The median home sold price in Warrenton was $645,000 in April 2024, up 29.3% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289K | $203.1K | -29.7% |
| 2 Bedrooms | $319.7K | $298K | -6.8% |
| 3 Bedrooms | $445K | $500K | +12.4% |
| 4 Bedrooms | $585K | $685K | +17.1% |
| 5+ Bedrooms | $630K | $825K | +31.0% |
Summary: Warrenton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.7%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 31%.
Housing Supply in Warrenton, VA
How many homes are available in Warrenton, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 167 | 185 | +10.8% |
Summary: The Warrenton real estate market had 185 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 55 | 55 | 0.0% |
| 4 Bedrooms | 78 | 85 | +9.0% |
| 5+ Bedrooms | 29 | 41 | +41.4% |
Summary: The Warrenton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 41.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 53 | +12.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warrenton, you could pay more than the asking price. 66% of homes here sold above asking price last month.
Summary: A total of 53 homes were sold or pending in Warrenton in April 2024, up by 12.8% month-over-month. Of the 53 sold homes, 15% were sold under asking, 19% were sold at asking, and 66% were sold over asking.
Days on Market for Warrenton, VA
How long does it take to sell a home in Warrenton, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 25 Days | +43.7% |
Summary: Homes in Warrenton had an average of 25 days on market in Apr 2024, up by 43.7% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warrenton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 53 homes were sold in Warrenton; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.