Is Stanley, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Stanley was a Seller's Market.
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
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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $176K | $185K | +5.1% |
2 Bedrooms | $252K | $595K | +136.1% |
3 Bedrooms | $387K | $277.4K | -28.3% |
4 Bedrooms | $420K | - | N/A |
5+ Bedrooms | - | $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 2024 | Feb 2024 | CHANGE |
---|---|---|
38 | 32 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 6 | 3 | -50.0% |
3 Bedrooms | 18 | 17 | -5.6% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 1 | 1 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 5 | -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
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 2024 | Feb 2024 | CHANGE |
---|---|---|
34 Days | 150 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
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.