CITY OF STAUNTON HOUSING MARKET DATA

There was an increase in total units sold in May, with 50 sold this month in City of Staunton Real Estate versus 49 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 14% versus May 2024.

The total number of homes available this month is 84 units, which is similar compared to a year ago. This month's total of 84 is higher than the previous month's total supply of available inventory of 79, an increase of 6%.

Last May, the median sale price for City of Staunton Homes was $325,000. This May, the median sale price was $304,312, a decrease of 6% or $20,688 compared to last year. The current median sold price is 3% higher than in April.

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

In May, there was 1.7 months of supply available in City of Staunton, compared to 1.4 in May 2024. That is an increase of 16% versus 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 64 homes newly listed for sale in City of Staunton compared to 70 in May 2024, a decrease of 9%. There were 52 current contracts pending sale this May compared to 61 a year ago. The number of current contracts is 15% lower than last May.

In May, the average sale price in City of Staunton was 99.8% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 26, lower than the average last year, which was 34, a decrease of 24%.





FOCUS ON: CITY OF STAUNTON HOUSING MARKET			MAY 2025

Units Sold 50	Active Inventory 84	Median Sale Price $304,312	Days On Market 26

Down -14% Vs. Year Ago	No Change Vs. Year Ago	Down -6% Vs. Year Ago	Down -24% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 50 sold this month in City of Staunton Real Estate versus 49 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 14% versus May 2024.
Active Inventory The total number of homes available this month is 84 units, which is similar compared to a year ago. This month's total of 84 is higher than the previous month's total supply of available inventory of 79, an increase of 6%.
		Median Sale Price Last May, the median sale price for City of Staunton Homes was $325,000. This May, the median sale price was $304,312, a decrease of 6% or $20,688 compared to last year. The current median sold price is 3% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 64	Current Contracts 52	Sold Vs. List Price 99.8%	Months of Supply 1.7

Down -9% Vs. Year Ago	Down -15% Vs. Year Ago	No Change Vs. Year Ago	Up 16% Vs. Year Ago


		Months of Supply In May, there was 1.7 months of supply available in City of Staunton, compared to 1.4 in May 2024. That is an increase of 16% versus 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 64 homes newly listed for sale in City of Staunton compared to 70 in May 2024, a decrease of 9%. There were 52 current contracts pending sale this May compared to 61 a year ago. The number of current contracts is 15% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in City of Staunton was 99.8% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 26, lower than the average last year, which was 34, a decrease of 24%.



	*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.