Is Stafford, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Stafford was a Seller's Market.
Key Takeaway
Stafford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Stafford, VA
How much do homes in Stafford, VA cost?
Median Sold Price
$519,955
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Stafford have sold for 4% more than they did a year ago.
Summary: The median home sold price in Stafford was $519,955 in March 2024, up 4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $182.5K | +32.7% |
| 2 Bedrooms | $268.5K | $300K | +11.7% |
| 3 Bedrooms | $395.5K | $425K | +7.5% |
| 4 Bedrooms | $524.9K | $535K | +1.9% |
| 5+ Bedrooms | $617.5K | $635K | +2.8% |
Summary: Stafford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.7%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Aquia | $460.5K | $483.2K | +4.9% |
| Stafford | $500K | $519.9K | +4.0% |
| Griffis-Widewater | $460K | $475K | +3.3% |
| Rock Hill | $530K | $545K | +2.8% |
| Garrisonville | $495K | $500K | +1.0% |
Housing Supply in Stafford, VA
How many homes are available in Stafford, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 425 | 478 | +12.5% |
Summary: The Stafford real estate market had 478 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 110 | 126 | +14.5% |
| 4 Bedrooms | 157 | 173 | +10.2% |
| 5+ Bedrooms | 152 | 170 | +11.8% |
Summary: The Stafford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 | 46 | -30.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stafford, you could pay more than the asking price. 65.2% of homes here sold above asking price last month.
Summary: A total of 46 homes were sold or pending in Stafford in March 2024, down by 30.3% month-over-month. Of the 46 sold homes, 15% were sold under asking, 20% were sold at asking, and 65% were sold over asking.
Days on Market for Stafford, VA
How long does it take to sell a home in Stafford, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 12 Days | -66.1% |
Summary: Homes in Stafford had an average of 12 days on market in Mar 2024, down by 66.1% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stafford are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 46 homes were sold in Stafford; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
