Is Stafford, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Stafford has remained a Seller's Market.
Key Takeaway
Stafford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stafford, VA
How much do homes in Stafford, VA cost?
Median Sold Price
$519,994
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Stafford have sold for 4% more than they did a year ago.
Summary: The median home sold price in Stafford was $519,994 in April 2024, up 4% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $182.5K | +32.7% |
| 2 Bedrooms | $275K | $307.5K | +11.8% |
| 3 Bedrooms | $399.9K | $425K | +6.3% |
| 4 Bedrooms | $525.9K | $535K | +1.7% |
| 5+ Bedrooms | $630K | $645K | +2.4% |
Summary: Stafford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.7%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Aquia | $453.3K | $485K | +7.0% |
| Stafford | $500K | $519.9K | +4.0% |
| Griffis-Widewater | $465.2K | $480K | +3.2% |
| Rock Hill | $530K | $545K | +2.8% |
| Garrisonville | $493K | $502.5K | +1.9% |
Housing Supply in Stafford, VA
How many homes are available in Stafford, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 236 | 321 | +36.0% |
Summary: The Stafford real estate market had 321 homes for sale in April 2024, a 36.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 9 | 14 | +55.6% |
| 3 Bedrooms | 66 | 86 | +30.3% |
| 4 Bedrooms | 88 | 123 | +39.8% |
| 5+ Bedrooms | 71 | 97 | +36.6% |
Summary: The Stafford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 55.6%, 3 bedroom homes increased by 30.3%, 4 bedroom homes increased by 39.8%, and 5+ bedroom homes increased by 36.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 97 | +79.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
57 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stafford, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.
Summary: A total of 97 homes were sold or pending in Stafford in April 2024, up by 79.6% month-over-month. Of the 97 sold homes, 13% were sold under asking, 28% were sold at asking, and 59% were sold over asking.
Days on Market for Stafford, VA
How long does it take to sell a home in Stafford, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 8 Days | -39.7% |
Summary: Homes in Stafford had an average of 8 days on market in Apr 2024, down by 39.7% compared to last year.
Breakdown of Home Sale Times
91 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Stafford are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 97 homes were sold in Stafford; 94% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
