Is Stanley, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stanley is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Stanley was a Seller's Market.

Key Takeaway

Stanley 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 Stanley, VA

How much do homes in Stanley, VA cost?

Median Sold Price

$309,900

$204/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$57,900(+23.0%)

Key Takeaway

Homes in Stanley have sold for 23% more than they did a month ago.

Summary: The median home sold price in Stanley was $309,900 in February 2024, up 23% from last month, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 $176K$185K
+5.1%
2 $252K$595K
+136.1%
3 $387K$277.4K
-28.3%
4 $420K-
N/A
5+ -$480K
N/A

Summary: Stanley housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 136.1%, 3 bedroom homes decreased by 28.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Stanley, VA

How many homes are available in Stanley, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3832-15.8%

Summary: The Stanley real estate market had 32 homes for sale in February 2024, a 15.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 42
-50.0%
2 63
-50.0%
3 1817
-5.6%
4 99
0.0%
5+ 11
0.0%

Summary: The Stanley housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stanley, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Stanley in February 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Stanley, VA

How long does it take to sell a home in Stanley, VA?

Average Sale Time

Jan 2024Feb 2024CHANGE
34 Days150 Days+333.9%

Summary: Homes in Stanley had an average of 150 days on market in Feb 2024, up by 333.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Stanley are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 5 homes were sold in Stanley; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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