Is Staunton River, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Staunton River is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Staunton River has remained a Seller's Market.

Key Takeaway

Staunton River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Staunton River, VA

How much do homes in Staunton River, VA cost?

Median Sold Price

$182,950

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$7,950(+4.5%)

Key Takeaway

Homes in Staunton River have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Staunton River was $182,950 in February 2024, up 4.5% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $35K-
N/A
2 $144.9K$153.4K
+5.9%
3 $180K$180K
0.0%
4 $195K$225K
+15.4%
5+ $274.3K$800K
+191.6%

Summary: Staunton River housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 191.6%.

Median Sold Price Compared To Nearby Cities

Callands-Gretna
+75.2%
Hurt
+12.8%
Altavista
+9.1%
Staunton River
+4.5%

Housing Supply in Staunton River, VA

How many homes are available in Staunton River, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
618+200.0%

Summary: The Staunton River real estate market had 18 homes for sale in February 2024, a 200.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 13
+200.0%
3 39
+200.0%
4 02
+100.0%
5+ 13
+200.0%

Summary: The Staunton River housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Staunton River, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Staunton River in February 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Staunton River, VA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
17 Days23 Days+31.0%

Summary: Homes in Staunton River had an average of 23 days on market in Feb 2024, up by 31% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 4 homes were sold in Staunton River; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

Newest Listings in Staunton River, VA

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