The Long & Foster Market Minute

FOCUS ON: CITY OF WAYNESBORO HOUSING MARKET JUNE 2025

Units Sold
41
Active Inventory
94
Median Sale Price
$332,000
Days On Market
13
Down -20%
Vs. Year Ago
Up 22%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -54%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 41 sold this month in City of Waynesboro Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 17 units or 22%. The total number of active inventory this June was 94 compared to 77 in June 2024. This month's total of 94 is higher than the previous month's total supply of available inventory of 89, an increase of 6%.

Median Sale Price
Last June, the median sale price for City of Waynesboro Homes was $300,000. This June, the median sale price was $332,000, an increase of 11% or $32,000 compared to last year. The current median sold price is 3% lower than in May.

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


New Listings
71
Current Contracts
50
Sold Vs. List Price
101.2%
Months of Supply
2.3
Up 3%
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 1.7%
Vs. Year Ago
Up 52%
Vs. Year Ago

Months of Supply
In June, there was 2.3 months of supply available in City of Waynesboro, compared to 1.5 in June 2024. That is an increase of 52% 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 71 homes newly listed for sale in City of Waynesboro compared to 69 in June 2024, an increase of 3%. There were 50 current contracts pending sale this June compared to 56 a year ago. The number of current contracts remained stable as compared to last June.

Sale Price to List Price Ratio
In June, the average sale price in City of Waynesboro was 101.2% of the average list price, which is 1.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 13, lower than the average last year, which was 28, a decrease of 54%.

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.