$4,501 Closing Credit*
$379,000
2,419 SqFt
3 Beds
•3 Full Baths, 1 Partial
#10559245, Stephanie White, Listing Office: Liz Moore & Associates LLC
Is Stonehouse, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Stonehouse was a Neutral Market.
Key Takeaway
Stonehouse is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stonehouse, VA
How much do homes in Stonehouse, VA cost?
Median Sold Price
$447,500
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,000(+6.2%)
Key Takeaway
Homes in Stonehouse have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Stonehouse was $447,500 in October 2024, up 6.2% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $66K | N/A |
| 2 Bedrooms | $209K | $265K | +26.8% |
| 3 Bedrooms | $361.5K | $370K | +2.4% |
| 4 Bedrooms | $475K | $527K | +10.9% |
| 5+ Bedrooms | $554.9K | $536K | -3.4% |
Summary: Stonehouse 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 26.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Williamsburg | $457.5K | $506.8K | +10.8% |
| Powhatan | $465K | $495.4K | +6.6% |
| Stonehouse | $421.5K | $447.5K | +6.2% |
| Lanexa | $387.5K | $392.7K | +1.4% |
Housing Supply in Stonehouse, VA
How many homes are available in Stonehouse, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 139 | 144 | +3.6% |
Summary: The Stonehouse real estate market had 144 homes for sale in October 2024, a 3.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 66 | 76 | +15.2% |
| 4 Bedrooms | 45 | 40 | -11.1% |
| 5+ Bedrooms | 22 | 23 | +4.5% |
Summary: The Stonehouse housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 31 | +63.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Stonehouse, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Stonehouse in October 2024, up by 63.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Stonehouse, VA
How long does it take to sell a home in Stonehouse, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 49 Days | 31 Days | -36.7% |
Summary: Homes in Stonehouse had an average of 31 days on market in Oct 2024, down by 36.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stonehouse are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in Stonehouse; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
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