Is Stony Creek, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stony Creek is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Stony Creek has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Stony Creek, VA

How much do homes in Stony Creek, VA cost?

Median Sold Price

$234,150

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$41,650(+21.6%)

Key Takeaway

Homes in Stony Creek have sold for 21.6% more than they did a year ago.

Summary: The median home sold price in Stony Creek was $234,150 in October 2024, up 21.6% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $185K$147K
-20.5%
3 $97.2K$182.5K
+87.6%
4 $219K$265.5K
+21.2%
5+ $312.5K$305K
-2.4%

Summary: Stony Creek 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 decreased by 20.5%, 3 bedroom homes increased by 87.6%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes decreased by 2.4%.

Housing Supply in Stony Creek, VA

How many homes are available in Stony Creek, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1115+36.4%

Summary: The Stony Creek real estate market had 15 homes for sale in October 2024, a 36.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 00
0.0%
3 47
+75.0%
4 22
0.0%
5+ 44
0.0%

Summary: The Stony Creek 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 remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
05+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stony Creek, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Stony Creek in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Stony Creek, VA

How long does it take to sell a home in Stony Creek, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days56 Days+100.7%

Summary: Homes in Stony Creek had an average of 56 days on market in Oct 2024, up by 100.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Stony Creek has remained consistent over time.

Summary: During October 2024, 5 homes were sold in Stony Creek; 40% of homes were sold within 30 days, 60% 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 24 Days Ago

Newest Listings in Stony Creek, VA

Nearby Markets to Stony Creek, VA