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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stonehouse is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Stonehouse was a Seller's Market.

Key Takeaway

Stonehouse is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Stonehouse, VA

How much do homes in Stonehouse, VA cost?

Median Sold Price

$455,000

$184/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$15,050(+3.4%)

Key Takeaway

Homes in Stonehouse have sold for 3.4% more than they did a month ago.

Summary: The median home sold price in Stonehouse was $455,000 in September 2024, up 3.4% from last month, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $347.4K$300K
-13.7%
4 -$477.4K
N/A
5+ $585.6K-
N/A

Summary: Stonehouse housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 13.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Stonehouse, VA

How many homes are available in Stonehouse, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
139145+4.3%

Summary: The Stonehouse real estate market had 145 homes for sale in September 2024, a 4.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 66
0.0%
3 7271
-1.4%
4 3546
+31.4%
5+ 2622
-15.4%

Summary: The Stonehouse housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes decreased by 15.4%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3113-58.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stonehouse, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Stonehouse in September 2024, down by 58.1% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for Stonehouse, VA

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

Average Sale Time

Aug 2024Sep 2024CHANGE
33 Days17 Days-48.4%

Summary: Homes in Stonehouse had an average of 17 days on market in Sep 2024, down by 48.4% compared to last month.

Breakdown of Home Sale Times

12 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 Stonehouse are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 13 homes were sold in Stonehouse; 92% of homes were sold within 30 days, 8% 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 5 Days Ago

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