Is Staunton, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Staunton has remained a Seller's Market.
Key Takeaway
Staunton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Staunton, VA
How much do homes in Staunton, VA cost?
Median Sold Price
$247,000
$171/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Staunton have sold for 12.8% more than they did a month ago.
Summary: The median home sold price in Staunton was $247,000 in April 2024, up 12.8% from last month, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $217.7K | $190K | -12.7% |
| 3 Bedrooms | $249.5K | $255K | +2.2% |
| 4 Bedrooms | - | $247K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Staunton housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Staunton | $219K | $247K | +12.8% |
| Staunton | $219K | $247K | +12.8% |
| Verona | $315K | $301K | -4.4% |
Housing Supply in Staunton, VA
How many homes are available in Staunton, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 21 | -16.0% |
Summary: The Staunton real estate market had 21 homes for sale in April 2024, a 16.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Staunton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Staunton, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Staunton in April 2024, up by 60.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Staunton, VA
How long does it take to sell a home in Staunton, VA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 31 Days | +6.9% |
Summary: Homes in Staunton had an average of 31 days on market in Apr 2024, up by 6.9% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Staunton has remained consistent over time.
Summary: During April 2024, 8 homes were sold in Staunton; 38% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
