CITY OF STAUNTON HOUSING MARKET DATA

There was an increase in total units sold in April, with 48 sold this month in City of Staunton Real Estate versus 44 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 8% versus April 2024.

Versus last year, the total number of homes available this month is lower by 7 units or 9%. The total number of active inventory this April was 71 compared to 78 in April 2024. This month's total of 71 is higher than the previous month's total supply of available inventory of 69, an increase of 3%.

Last April, the median sale price for City of Staunton Homes was $267,500. This April, the median sale price was $297,500, an increase of 11% or $30,000 compared to last year. The current median sold price is 1% higher than in March.

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

In April, there was 1.5 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 61 homes newly listed for sale in City of Staunton compared to 66 in April 2024, a decrease of 8%. There were 54 current contracts pending sale this April compared to 62 a year ago. The number of current contracts is 13% lower than last April.

In April, the average sale price in City of Staunton was 99.9% of the average list price, which is 0.6% lower than at this time last year.

This month, the average number of days on market was 28, lower than the average last year, which was 40, a decrease of 30%.





FOCUS ON: CITY OF STAUNTON HOUSING MARKET			APRIL 2025

Units Sold 48	Active Inventory 71	Median Sale Price $297,500	Days On Market 28

Down -8% Vs. Year Ago	Down -9% Vs. Year Ago	Up 11% Vs. Year Ago	Down -30% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 48 sold this month in City of Staunton Real Estate versus 44 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 8% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 7 units or 9%. The total number of active inventory this April was 71 compared to 78 in April 2024. This month's total of 71 is higher than the previous month's total supply of available inventory of 69, an increase of 3%.
		Median Sale Price Last April, the median sale price for City of Staunton Homes was $267,500. This April, the median sale price was $297,500, an increase of 11% or $30,000 compared to last year. The current median sold price is 1% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 61	Current Contracts 54	Sold Vs. List Price 99.9%	Months of Supply 1.5

Down -8% Vs. Year Ago	Down -13% Vs. Year Ago	Down -0.6% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In April, there was 1.5 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 61 homes newly listed for sale in City of Staunton compared to 66 in April 2024, a decrease of 8%. There were 54 current contracts pending sale this April compared to 62 a year ago. The number of current contracts is 13% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in City of Staunton was 99.9% of the average list price, which is 0.6% lower than at this time last year. Days on Market This month, the average number of days on market was 28, lower than the average last year, which was 40, a decrease of 30%.



	*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.