Is Staunton River, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Staunton River is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Staunton River has remained a Seller's Market.

Key Takeaway

Staunton River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Staunton River, VA

How much do homes in Staunton River, VA cost?

Median Sold Price

$219,500

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$38,500(+21.3%)

Key Takeaway

Homes in Staunton River have sold for 21.3% more than they did a year ago.

Summary: The median home sold price in Staunton River was $219,500 in October 2024, up 21.3% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $158.5K$162K
+2.2%
3 $184.5K$220K
+19.2%
4 $243K$240K
-1.2%
5+ $541.8K$257K
-52.6%

Summary: Staunton River housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 19.2%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 52.6%.

Median Sold Price Compared To Nearby Cities

Staunton River
+21.3%
Hurt
+14.3%
Altavista
-15.3%
Callands-Gretna
-18.1%

Housing Supply in Staunton River, VA

How many homes are available in Staunton River, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1311-15.4%

Summary: The Staunton River real estate market had 11 homes for sale in October 2024, a 15.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 45
+25.0%
3 63
-50.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The Staunton River 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 25%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Staunton River, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Staunton River in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Staunton River, VA

How long does it take to sell a home in Staunton River, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days7 Days-44.7%

Summary: Homes in Staunton River had an average of 7 days on market in Oct 2024, down by 44.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Staunton River are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Staunton River; 100% of homes were sold within 30 days, 0% 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 16 Days Ago

Newest Listings in Staunton River, VA

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