Is Stonewall, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Stonewall was a Seller's Market.
Key Takeaway
Stonewall 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 Stonewall, VA
How much do homes in Stonewall, VA cost?
Median Sold Price
$400,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Stonewall have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Stonewall was $400,000 in May 2024, up 6.1% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80.5K | N/A |
| 2 Bedrooms | $256.2K | $245K | -4.4% |
| 3 Bedrooms | $330.6K | $361.9K | +9.5% |
| 4 Bedrooms | $475K | $510K | +7.4% |
| 5+ Bedrooms | $620K | $648K | +4.5% |
Summary: Stonewall housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Clear Brook | $352.5K | $396K | +12.3% |
| Red Bud | $350K | $385K | +10.0% |
| Stephenson | $412.5K | $450K | +9.1% |
| Stonewall | $377K | $400K | +6.1% |
| Russell | $670.6K | $600K | -10.5% |
Housing Supply in Stonewall, VA
How many homes are available in Stonewall, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 74 | +15.6% |
Summary: The Stonewall real estate market had 74 homes for sale in May 2024, a 15.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 32 | 37 | +15.6% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Stonewall housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stonewall, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Stonewall in May 2024, down by 29.4% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Stonewall, VA
How long does it take to sell a home in Stonewall, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 14 Days | -66.8% |
Summary: Homes in Stonewall had an average of 14 days on market in May 2024, down by 66.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stonewall are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Stonewall; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
