Is Stonewall, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Stonewall has remained a Neutral Market.
Key Takeaway
Stonewall 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 Stonewall, VA
How much do homes in Stonewall, VA cost?
Median Sold Price
$415,200
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Stonewall have sold for 16% more than they did a year ago.
Summary: The median home sold price in Stonewall was $415,200 in March 2024, up 16% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $80.5K | -19.5% |
| 2 Bedrooms | $229.7K | $250K | +8.8% |
| 3 Bedrooms | $325K | $363.4K | +11.8% |
| 4 Bedrooms | $450K | $507.8K | +12.8% |
| 5+ Bedrooms | $615K | $635K | +3.3% |
Summary: Stonewall housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.5%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Clear Brook | $340K | $424.9K | +25.0% |
| Stephenson | $390.3K | $465.4K | +19.2% |
| Stonewall | $358K | $415.2K | +16.0% |
| Red Bud | $353.5K | $375.5K | +6.2% |
Housing Supply in Stonewall, VA
How many homes are available in Stonewall, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 93 | 109 | +17.2% |
Summary: The Stonewall real estate market had 109 homes for sale in March 2024, a 17.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 47 | 56 | +19.1% |
| 4 Bedrooms | 30 | 33 | +10.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Stonewall housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stonewall, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Stonewall in March 2024, up by 54.5% month-over-month. Of the 17 sold homes, 65% were sold under asking, 35% were sold at asking, and 0% were sold over asking.
Days on Market for Stonewall, VA
How long does it take to sell a home in Stonewall, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 78 Days | +78.0% |
Summary: Homes in Stonewall had an average of 78 days on market in Mar 2024, up by 78% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Stonewall are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 17 homes were sold in Stonewall; 29% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.
