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Featured local agent — Waverly, VA
Sarah Mitchell
Compass Real Estate · Waverly, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Waverly, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$275,000median sale price
How is the Waverly, VA housing market right now?
The median home sale price in Waverly, VA is $275,000, up 44.7% year-over-year. Homes sell in an average of 29 days with 3 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Waverly a buyer's or seller's market?
Waverly, VA is currently a seller's market, based on 1.0 months of supply and homes selling in about 29 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
29
Average pace
Active listings
3
1.0 months supply
Sale-to-list
99.2%
Below asking
What does the Waverly housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $275,000 |
| Median list price | $384,450 |
| Year-over-year price change | +44.7% |
| Average days on market | 29 days |
| Active inventory | 3 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $174/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 2 |
| Listings with a price cut | 33.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Waverly by property type?
How the Waverly, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $275,000 | $174/sq ft | 3 | 29 days |
Source: Redfin · Updated monthly
The Waverly housing market is currently classified as a seller's market with a median sale price of $275,000. Prices have risen 44.7% compared to last year, with homes spending an average of 29 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.9x provides context for how home values compare to local earning capacity.
Homes for sale in Waverly
There are currently 3 homes listed for sale in Waverly, Virginia. The median listing price is $384K.
Active listings
3
Homes on market
Median list price
$384K
Avg. days on market
29
Days until sale
New this week
2
Newly listed
Who lives in Waverly?
Population
2,629
Median income
$71,154/yr
Median age
39.4 years
Owner-occupied
57.0%
College grads
21.4%
Avg commute
32.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Waverly?
Zillow home value
$203,864
Price-to-income
2.9x
Source: Zillow Research
What is it like to live in Waverly?
Waverly is a community of approximately 3K residents with a median age of 39.4 years.The median household income is $71,154, which represents a working-class community with solid middle-income opportunities. 21.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 57.0%, showing a blend of owner and renter-occupied properties. The average commute time is 32.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Waverly offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Waverly, VA?
Want a head-to-head view? Compare Waverly side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Waverly?
The median home sale price in Waverly is $275,000, up 44.7% from last year.
How long do homes stay on market in Waverly?
Homes typically spend 29 days on market before going under contract.
What is the median income in Waverly?
The median household income is $71,154 per year.
Is Waverly a buyer's or seller's market?
With 1.0 months of supply, Waverly is currently a seller's market.
What is the Zillow home value estimate for Waverly?
The Zillow Home Value Index (ZHVI) for Waverly is $203,864, representing the typical home value in the area.
How much does a single-family home cost in Waverly?
The median single-family home price in Waverly, VA is $275,000 (about $174 per square foot).
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