$4,275 Closing Credit*
$360,000
1,963 SqFt
2 Beds
•2 Full Baths, 2 Partial
Deborah R Banzon, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is Stafford, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$535,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,750(+4.2%)
Key Takeaway
Homes in Stafford have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Stafford was $535,000 in October 2024, up 4.2% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $182.5K | +4.3% |
| 2 Bedrooms | $287.5K | $307.5K | +7.0% |
| 3 Bedrooms | $412K | $439.9K | +6.8% |
| 4 Bedrooms | $530K | $561.7K | +6.0% |
| 5+ Bedrooms | $625K | $684.9K | +9.6% |
Summary: Stafford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Cities
| Griffis-Widewater | $469.9K | $499.9K | +6.4% |
| Aquia | $469.5K | $496.8K | +5.8% |
| Rock Hill | $533K | $561.8K | +5.4% |
| Stafford | $513.2K | $535K | +4.2% |
| Garrisonville | $497.5K | $505K | +1.5% |
Housing Supply in Stafford, VA
How many homes are available in Stafford, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 288 | 301 | +4.5% |
Summary: The Stafford real estate market had 301 homes for sale in October 2024, a 4.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 18 | +100.0% |
| 3 Bedrooms | 79 | 77 | -2.5% |
| 4 Bedrooms | 113 | 115 | +1.8% |
| 5+ Bedrooms | 87 | 90 | +3.4% |
Summary: The Stafford housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 85 | 86 | +1.2% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stafford, you may be able to get a good deal. 34.9% of homes here sold below asking price last month.
Summary: A total of 86 homes were sold or pending in Stafford in October 2024, up by 1.2% month-over-month. Of the 86 sold homes, 35% were sold under asking, 31% were sold at asking, and 34% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 23 Days | +41.3% |
Summary: Homes in Stafford had an average of 23 days on market in Oct 2024, up by 41.3% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
28 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 October 2024, 86 homes were sold in Stafford; 66% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
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