CITY OF STAUNTON HOUSING MARKET DATA

There was an increase in total units sold in March, with 43 sold this month in City of Staunton Real Estate versus 36 last month, an increase of 19%. This month's total units sold was lower than at this time last year, a decrease of 12% versus March 2024.

Versus last year, the total number of homes available this month is lower by 8 units or 11%. The total number of active inventory this March was 68 compared to 76 in March 2024. This month's total of 68 is lower than the previous month's total supply of available inventory of 69, a decrease of 1%.

Last March, the median sale price for City of Staunton Homes was $286,000. This March, the median sale price was $295,000, an increase of 3% or $9,000 compared to last year. The current median sold price is 8% higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In March, there was 1.6 months of supply available in City of Staunton. The amount of supply is similar compared to a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 68 homes newly listed for sale in City of Staunton compared to 47 in March 2024, an increase of 45%. There were 63 current contracts pending sale this March compared to 54 a year ago. The number of current contracts is 17% higher than last March.

In March, the average sale price in City of Staunton was 99.9% of the average list price, which is 0.7% higher than at this time last year.

This month, the average number of days on market was 51, higher than the average last year, which was 40, an increase of 28%.





FOCUS ON: CITY OF STAUNTON HOUSING MARKET			MARCH 2025

Units Sold 43	Active Inventory 68	Median Sale Price $295,000	Days On Market 51

Down -12% Vs. Year Ago	Down -11% Vs. Year Ago	Up 3% Vs. Year Ago	Up 27% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 43 sold this month in City of Staunton Real Estate versus 36 last month, an increase of 19%. This month's total units sold was lower than at this time last year, a decrease of 12% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 8 units or 11%. The total number of active inventory this March was 68 compared to 76 in March 2024. This month's total of 68 is lower than the previous month's total supply of available inventory of 69, a decrease of 1%.
		Median Sale Price Last March, the median sale price for City of Staunton Homes was $286,000. This March, the median sale price was $295,000, an increase of 3% or $9,000 compared to last year. The current median sold price is 8% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 68	Current Contracts 63	Sold Vs. List Price 99.9%	Months of Supply 1.6

Up 45% Vs. Year Ago	Up 17% Vs. Year Ago	Up 0.8% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In March, there was 1.6 months of supply available in City of Staunton. The amount of supply is similar compared to a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 68 homes newly listed for sale in City of Staunton compared to 47 in March 2024, an increase of 45%. There were 63 current contracts pending sale this March compared to 54 a year ago. The number of current contracts is 17% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in City of Staunton was 99.9% of the average list price, which is 0.7% higher than at this time last year. Days on Market This month, the average number of days on market was 51, higher than the average last year, which was 40, an increase of 28%.



	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by CGAHR and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CGAHR or Long & Foster Real Estate, Inc.