Is Waverly, VA 23890 a buyer’s or seller’s market?
Waverly is a balanced market. With about 5.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Waverly housing market right now
In the three months ending August 31, 2026, 25% of homes in Waverly, VA 23890 sold above their list price, the typical home went under contract in 111 days and there were 5.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 44%, homes sold more slowly (11 days then) and the median sale price fell 22% to $209,909. Overall, Waverly is less competitive than a year ago, which gives buyers more room.
Nearby, buyers who want less competition could look at Stony Creek 23882 (0% sold over asking) or Wakefield 23888 (20% sold over asking), while Jarratt 23867 (40% sold over asking) is even more competitive.
Run the numbers for 23890
Nearby markets
Jarratt 23867Seller’s market $141 /sq ftStony Creek 23882Seller’s market $65 /sq ftWakefield 23888Buyer’s market $172 /sq ftYale 23897 — /sq ft Browse all markets →Towns like Waverly nearby
Find towns like Waverly in other states →Where Waverly is
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Questions about Waverly real estate
Is Waverly a buyer’s or seller’s market?
A balanced market: there were 5.2 months of supply in Waverly, VA 23890 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Waverly?
The typical home went under contract in 111 days in the latest three months.
Do homes in Waverly sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 100.4% of the list price.
What are property taxes in Waverly?
About 0.59% of a home’s value a year in Sussex County, or roughly $2,360 on a $400,000 home.
What is the median home price in Waverly?
The median sale price was $209,909 in the three months ending August 31, 2026, about $170 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology