Is Waynesville, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waynesville is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Waynesville was a Seller's Market.

Key Takeaway

Waynesville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Waynesville, NC

How much do homes in Waynesville, NC cost?

Median Sold Price

$404,666

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$75,166(+22.8%)

Key Takeaway

Homes in Waynesville have sold for 22.8% more than they did a year ago.

Summary: The median home sold price in Waynesville was $404,666 in May 2024, up 22.8% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $212.9K$147.5K
-30.7%
2 $270K$318K
+17.8%
3 $350K$450K
+28.6%
4 $562.5K$495K
-12.0%
5+ $455K$600K
+31.9%

Summary: Waynesville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.7%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 31.9%.

Median Sold Price Compared To Nearby Cities

Waynesville
+22.8%
Waynesville Township
+14.6%
Ivy Hill Township
+9.6%

Housing Supply in Waynesville, NC

How many homes are available in Waynesville, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
193234+21.2%

Summary: The Waynesville real estate market had 234 homes for sale in May 2024, a 21.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 914
+55.6%
2 5364
+20.8%
3 90115
+27.8%
4 2927
-6.9%
5+ 1214
+16.7%

Summary: The Waynesville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 55.6%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 27.8%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2736+33.3%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waynesville, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Waynesville in May 2024, up by 33.3% month-over-month. Of the 36 sold homes, 53% were sold under asking, 28% were sold at asking, and 19% were sold over asking.

Days on Market for Waynesville, NC

How long does it take to sell a home in Waynesville, NC?

Average Sale Time

May 2023May 2024CHANGE
39 Days42 Days+7.4%

Summary: Homes in Waynesville had an average of 42 days on market in May 2024, up by 7.4% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Waynesville are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 36 homes were sold in Waynesville; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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