Is Waynesboro, TN 38485 a buyer’s or seller’s market?
Waynesboro is a balanced market. With about 4.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Waynesboro housing market right now
In the three months ending August 31, 2026, 17% of homes in Waynesboro, TN 38485 sold above their list price, the typical home went under contract in 78 days and there were 4.5 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. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (18% then), homes sold about as fast and the median sale price rose 12% to $204,412. Overall, Waynesboro is about as competitive as it was a year ago.
Within Wayne County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell more often over asking than in 80%.
Nearby, buyers who want less competition could look at Lutts 38471 (0% sold over asking) or Iron City 38463 (0% sold over asking), while Clifton 38425 (33% sold over asking) is even more competitive.
Run the numbers for 38485
Nearby markets
Clifton 38425Buyer’s market $200 /sq ftCollinwood 38450Seller’s market $200 /sq ftCypress Inn 38452Buyer’s market $216 /sq ftIron City 38463Buyer’s market $118 /sq ft Browse all markets →Towns like Waynesboro nearby
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Questions about Waynesboro real estate
Is Waynesboro a buyer’s or seller’s market?
A balanced market: there were 4.5 months of supply in Waynesboro, TN 38485 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 Waynesboro?
The typical home went under contract in 78 days in the latest three months.
Do homes in Waynesboro sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 96.2% of the list price.
What are property taxes in Waynesboro?
About 0.49% of a home’s value a year in Wayne County, or roughly $1,960 on a $400,000 home.
What is the median home price in Waynesboro?
The median sale price was $204,412 in the three months ending August 31, 2026, about $139 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