Waynesboro, VA Real Estate Market Report – January 2025

January brought some big moves in the Waynesboro housing market! If you're buying, things are heating up, and if you're selling, you’re in a great spot—but strategy is still key. Let’s break it all down.

Market Overview (The Numbers You Need to Know)

• Median Sale Price: $253,000 (up 13.7% from last year)
• Median Listing Price: $369,900 (up 19.3% year-over-year)
• Days on Market: 28 days (down from 35 last year)
• Units Sold: 30 homes (up 50% from last year)

For Buyers: A Market That’s Picking Up Speed

If you’re house-hunting in Waynesboro, buckle up—homes are selling faster, and prices are climbing. With a 50% jump in sales compared to last year, competition is definitely picking up. That means if you find a home you love, don’t hesitate too long, or it might be gone!

💡 Pro Tip: Get pre-approved before you start shopping so you can move fast when you find "the one." In a competitive market, sellers favor buyers who are ready to close quickly.

Another thing to keep in mind? Prices are rising. If you're planning to buy this year, locking in a home sooner rather than later might help you avoid higher prices later on.

For Sellers: A Prime Market—But Be Strategic

This is a seller’s market, but that doesn’t mean you can just list at any price and expect multiple offers overnight. With inventory up 37% from last year, buyers have more choices. That means pricing your home right is still crucial.

💡 Pro Tip: Homes that are well-staged, updated, and competitively priced are the ones getting snapped up the fastest. If your home isn’t getting much attention, a small price adjustment or offering incentives like closing cost assistance can make a difference.

Also, homes are selling faster than last year, so if you’re thinking of listing, now might be the perfect time!

Big Picture: What’s Next?

Waynesboro’s market is strong, with rising prices and faster sales. If you’re buying, be prepared to act quickly. If you’re selling, take advantage of this momentum, but make sure your home is priced right and ready to impress.

Also, don’t forget that inventory is increasing. While it’s still a seller’s market, more options for buyers mean you need to make your listing stand out!

Final Thoughts

Whether you're buying or selling, knowing the market is half the battle. If you're thinking about making a move, now is the time to start planning. And as always, having a good real estate agent in your corner can make all the difference.

Got questions? Need advice on your next move? I’m here to help!