The Long & Foster Market Minute

FOCUS ON: CITY OF WAYNESBORO HOUSING MARKET APRIL 2025

Units Sold
56
Active Inventory
78
Median Sale Price
$332,500
Days On Market
41
Up 27%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 11%
Vs. Year Ago
Up 95%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 56 sold this month in City of Waynesboro Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 4 units or 5%. The total number of active inventory this April was 78 compared to 74 in April 2024. This month's total of 78 is lower than the previous month's total supply of available inventory of 87, a decrease of 10%.

Median Sale Price
Last April, the median sale price for City of Waynesboro Homes was $299,665. This April, the median sale price was $332,500, an increase of 11% or $32,835 compared to last year. The current median sold price is 9% higher than in March.

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


New Listings
67
Current Contracts
62
Sold Vs. List Price
98.9%
Months of Supply
1.4
Down -4%
Vs. Year Ago
Up 38%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
Down -17%
Vs. Year Ago

Months of Supply
In April, there was 1.4 months of supply available in City of Waynesboro, compared to 1.7 in April 2024. That is a decrease of 17% 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 67 homes newly listed for sale in City of Waynesboro compared to 70 in April 2024, a decrease of 4%. There were 62 current contracts pending sale this April compared to 45 a year ago. The number of current contracts is 38% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in City of Waynesboro was 98.9% of the average list price, which is 0.7% lower than at this time last year.

Days on Market
This month, the average number of days on market was 41, higher than the average last year, which was 21, an increase of 95%.

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.