Is Stonewall, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Stonewall has remained a Seller's Market.
Key Takeaway
Stonewall is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stonewall, VA
How much do homes in Stonewall, VA cost?
Median Sold Price
$395,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Stonewall have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Stonewall was $395,000 in June 2024, up 3.3% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80.5K | N/A |
| 2 Bedrooms | $262.5K | $245K | -6.7% |
| 3 Bedrooms | $334.6K | $363.4K | +8.6% |
| 4 Bedrooms | $474.9K | $524.9K | +10.5% |
| 5+ Bedrooms | $627K | $565K | -9.9% |
Summary: Stonewall housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Red Bud | $358.9K | $386K | +7.6% |
| Stephenson | $419.4K | $449.9K | +7.3% |
| Stonewall | $382.2K | $395K | +3.3% |
Housing Supply in Stonewall, VA
How many homes are available in Stonewall, VA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 69 | 76 | +10.1% |
Summary: The Stonewall real estate market had 76 homes for sale in June 2024, a 10.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 2 | -71.4% |
| 3 Bedrooms | 36 | 39 | +8.3% |
| 4 Bedrooms | 19 | 25 | +31.6% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Stonewall housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 71.4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stonewall, expect to pay close to the asking price. 52.9% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Stonewall in June 2024, the same as the previous month. Of the 17 sold homes, 35% were sold under asking, 53% were sold at asking, and 12% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 23 Days | 28 Days | +20.9% |
Summary: Homes in Stonewall had an average of 28 days on market in Jun 2024, up by 20.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stonewall are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 17 homes were sold in Stonewall; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
