$7,719 Closing Credit*
$649,990
1,778 SqFt
3 Beds
•2 Full Baths
Jenny Maraghy, Listing Office: Compass
Is Stratford Hills, 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, 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
$480,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+6.7%)
Key Takeaway
Homes in Stratford Hills have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Stratford Hills was $480,000 in October 2024, up 6.7% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $295K | $297.5K | +0.8% |
| 3 Bedrooms | $435K | $467.5K | +7.5% |
| 4 Bedrooms | $552K | $651.3K | +18.0% |
| 5+ Bedrooms | $565K | $743.5K | +31.6% |
Summary: Stratford Hills 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 0.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 18%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 28 | +16.7% |
Summary: The Stratford Hills real estate market had 28 homes for sale in October 2024, a 16.7% 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 | 8 | 7 | -12.5% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Stratford Hills 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 12.5%, 3 bedroom homes increased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stratford Hills, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Stratford Hills in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 15 Days | -62.6% |
Summary: Homes in Stratford Hills had an average of 15 days on market in Oct 2024, down by 62.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stratford Hills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Stratford Hills; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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