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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stonewall is a buyer's market

Buyer's
Market

Difference Since January 2023

Since last year, Stonewall has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Stonewall, VA

How much do homes in Stonewall, VA cost?

Median Sold Price

$403,740

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$46,740(+13.1%)

Key Takeaway

Homes in Stonewall have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in Stonewall was $403,740 in January 2024, up 13.1% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $100K$80.5K
-19.5%
2 $225K$260K
+15.6%
3 $318.7K$355.6K
+11.6%
4 $470K$492K
+4.7%
5+ $600K$635K
+5.8%

Summary: Stonewall housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.5%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Cities

Stephenson
+17.1%
Stonewall
+13.1%
Red Bud
+1.4%

Housing Supply in Stonewall, VA

How many homes are available in Stonewall, VA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
9086-4.4%

Summary: The Stonewall real estate market had 86 homes for sale in January 2024, a 4.4% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 10
-100.0%
2 47
+75.0%
3 4945
-8.2%
4 3030
0.0%
5+ 64
-33.3%

Summary: The Stonewall housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 75%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
146-57.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stonewall, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Stonewall in January 2024, down by 57.1% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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

Jan 2023Jan 2024CHANGE
24 Days45 Days+85.6%

Summary: Homes in Stonewall had an average of 45 days on market in Jan 2024, up by 85.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Stonewall has remained consistent over time.

Summary: During January 2024, 6 homes were sold in Stonewall; 33% of homes were sold within 30 days, 67% 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 26 Days Ago

Newest Listings in Stonewall, VA

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