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Is Warm Springs, VA 24484 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Warm Springs is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list93.3%Sold price ÷ list price
Median days on market9Listing to accepted offer
Median price per sq ft$28▼ −57.1% vs. last year

The Warm Springs housing market right now

In the three months ending August 31, 2026, 0% of homes in Warm Springs, VA 24484 sold above their list price, the typical home went under contract in 9 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (132 days then) and the median sale price fell 60% to $34,985. Overall, Warm Springs is more competitive than a year ago, so tougher for buyers.

Nearby, Millboro 24460 (20% sold over asking) and Hot Springs 24445 (17% sold over asking) are even more competitive.

Run the numbers for 24484

Prefilled for 24484Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24484Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Hot Springs 24445Buyer’s market $120 /sq ftMillboro 24460Balanced $151 /sq ft Browse all markets →

Where Warm Springs is

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Questions about Warm Springs real estate

Is Warm Springs a buyer’s or seller’s market?

A buyer’s market: there were 6.4 months of supply in Warm Springs, VA 24484 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 Warm Springs?

The typical home went under contract in 9 days in the latest three months.

Do homes in Warm Springs sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 93.3% of the list price.

What are property taxes in Warm Springs?

About 0.39% of a home’s value a year in Bath County, or roughly $1,560 on a $400,000 home.

What is the median home price in Warm Springs?

The median sale price was $34,985 in the three months ending August 31, 2026, about $28 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