Staunton-area home prices fall 10.2% in April, with houses for sale in high demand

Mike Stucka and Sean Lahman USA TODAY NETWORK
·2 min read
Coldwell Banker real estate agent Annie Beyersdorf meets with Robby Schroeder and Michael Jacobs before a home inspection on a home that the couple has an accepted offer to purchase on March 28, 2022, in Grand Chute, Wis. Three months ago, they sold their home and started to hunt for a new, larger one with character inside and out. It took them three months, almost 30 private visits and open houses, and four offers before they were able to land a home.

A typical Staunton city home listed for $259,900 in April, down 10.2% from a month earlier, an analysis of data from Realtor.com shows.

The median list home price in April was up about 10.6% from April 2021. Staunton city's median home was 1,706 square feet for a listed price of $166 per square foot.

The Staunton city market was busy, with a median 32 days on market. A month earlier, homes had a median 44 days on market. The market added 144 new home listings in April, compared with the 124 added in April 2021. The market ended the month with some 88 listings of homes for sale.

Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.

More: Costly rental market causes Staunton residents to seek help online while apartment hunting

What were Staunton-area home prices in April? Here's a county-by-county breakdown

Augusta County's home prices fell 1.7%, to a median $350,000, from a month earlier. The typical house was on the market for 48 days, from 63 days a month earlier. The typical 2,032-square-foot house had a list price of $172 per square foot.

Waynesboro city's home prices fell 3.3%, to a median $319,000, from a month earlier. The typical house was on the market for 34 days, from 32 days a month earlier. The typical 1,873-square-foot house had a list price of $167 per square foot.

Rockbridge County's home prices fell 4.3%, to a median $335,000, from a month earlier. The typical house was on the market for 63 days, from 53 days a month earlier. The typical 2,200-square-foot house had a list price of $150 per square foot.

Across metro Staunton, median home prices fell to $312,500, down 4.1% from a month earlier. The median home had 1,790 square feet, at a list price of $168 per square foot.

Across all of Virginia, median home prices were $409,950, rising 4.5% from a month earlier. The median Virginia home for sale had 1,965 square feet at list price of $203 per square foot.

Across the United States, median home prices were $425,000, up 5% from a month earlier. The median American home for sale had 1,821 square feet, listed at $220 per square foot.

The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database.. The story was written by Mike Stucka and Sean Lahman.

This article originally appeared on Staunton News Leader: Staunton-area homes for sale drop to $259,900 median price