Is Stratford Hills, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stratford Hills is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Stratford Hills has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Stratford Hills, VA

How much do homes in Stratford Hills, VA cost?

Median Sold Price

$483,750

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$32,750(+7.3%)

Key Takeaway

Homes in Stratford Hills have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Stratford Hills was $483,750 in November 2024, up 7.3% from last year, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $308K$295K
-4.2%
3 $435K$467.5K
+7.5%
4 $610K$650K
+6.6%
5+ $565K$743.5K
+31.6%

Summary: Stratford Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 31.6%.

Housing Supply in Stratford Hills, VA

How many homes are available in Stratford Hills, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2527+8.0%

Summary: The Stratford Hills real estate market had 27 homes for sale in November 2024, a 8.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 1413
-7.1%
4 46
+50.0%
5+ 11
0.0%

Summary: The Stratford Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stratford Hills, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Stratford Hills in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Stratford Hills, VA

How long does it take to sell a home in Stratford Hills, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days43 Days+233.8%

Summary: Homes in Stratford Hills had an average of 43 days on market in Nov 2024, up by 233.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Stratford Hills; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 17 Days Ago

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