Staunton, VA Real Estate Market Report – February 2025

Market Overview (Key Metrics)

• Median Sold Price: $274,900 (down 5% from February 2024)

• Median Price per Square Foot: $175 (up 5.4% year-over-year)

• Number of Homes Sold: 35 (down 5% from February 2024)

• Average Days on Market: 67 days (down 9% from February 2024)

Market Dynamics

Staunton’s housing market remains a seller’s market, with demand still outpacing supply. Although the median sold price dipped slightly, the price per square foot increased, meaning buyers are still willing to pay a premium for the right homes.

For Buyers: Navigating a Competitive Market

If you’re looking to buy in Staunton, be prepared for competition. Homes are spending an average of 67 days on the market, which gives you some time—but not too much!

✔ Get Pre-Approved: Securing financing early makes your offer stand out.
✔ Act Quickly: If you find a home that fits your needs, don’t hesitate.
✔ Be Ready to Negotiate: While sellers still have the upper hand, you may be able to negotiate if a home has been on the market for over 60 days.

💡 Pro Tip: If you're struggling to compete in bidding wars, consider expanding your search to nearby areas where homes may be more affordable but still meet your needs.

For Sellers: Optimizing Your Home Sale

With demand still strong, now is a great time to sell—but you’ll need to make sure your home stands out. Buyers are still willing to pay top dollar, but only for homes that are priced competitively and well-presented.

✔ Price It Right: Overpricing can cause your home to sit longer, leading to price cuts later.
✔ Boost Curb Appeal: First impressions matter! Fresh paint, landscaping, and a welcoming entrance can make a big difference.
✔ Leverage Online Marketing: High-quality photos and virtual tours can attract more buyers.

💡 Pro Tip: Homes that are move-in ready sell the fastest. Small updates—like new light fixtures or a fresh coat of neutral paint—can help increase offers and reduce time on the market.

Big Picture: What’s Next?

Staunton’s real estate market is in an interesting phase, with slightly lower home prices but a higher price per square foot. This means sellers can still get great offers, but buyers should be strategic in their approach. Working with an experienced real estate agent will help both buyers and sellers navigate the current conditions effectively.

Have questions? Let me know how I can help! 😊