The Long & Foster Market Minute

FOCUS ON: CITY OF WAYNESBORO HOUSING MARKET JULY 2025

Units Sold
41
Active Inventory
105
Median Sale Price
$338,035
Days On Market
24
Down -20%
Vs. Year Ago
Up 19%
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 9%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in July, with 41 sold this month in City of Waynesboro Real Estate versus 44 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 20% versus July 2024.

Active Inventory
Versus last year, the total number of homes available this month is higher by 17 units or 19%. The total number of active inventory this July was 105 compared to 88 in July 2024. This month's total of 105 is higher than the previous month's total supply of available inventory of 96, an increase of 9%.

Median Sale Price
Last July, the median sale price for City of Waynesboro Homes was $325,000. This July, the median sale price was $338,035, an increase of 4% or $13,035 compared to last year. The current median sold price is 1% higher than in June.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
91
Current Contracts
55
Sold Vs. List Price
100.6%
Months of Supply
2.6
Up 60%
Vs. Year Ago
Up 28%
Vs. Year Ago
Down -0.9%
Vs. Year Ago
Up 48%
Vs. Year Ago

Months of Supply
In July, there was 2.6 months of supply available in City of Waynesboro, compared to 1.7 in July 2024. That is an increase of 48% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 91 homes newly listed for sale in City of Waynesboro compared to 57 in July 2024, an increase of 60%. There were 55 current contracts pending sale this July compared to 43 a year ago. The number of current contracts is 28% higher than last July.

Sale Price to List Price Ratio
In July, the average sale price in City of Waynesboro was 100.6% of the average list price, which is 0.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 24, higher than the average last year, which was 22, an increase of 9%.

The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by CGAHR and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CGAHR or Long & Foster Real Estate, Inc.