Is Stephens City, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Stephens City has remained a Seller's Market.
Housing Prices in Stephens City, VA
How much do homes in Stephens City, VA cost?
Median Sold Price
$380,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Stephens City was $380,000 in March 2024, up 8.6% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $205K | $218K | +6.3% |
3 Bedrooms | $311.7K | $344.9K | +10.6% |
4 Bedrooms | $440K | $447.4K | +1.7% |
5+ Bedrooms | $499K | $503K | +0.8% |
Summary: Stephens City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
Stephens City | $350K | $380K | +8.6% |
Winchester | $345.8K | $369K | +6.7% |
Opequon | $413.5K | $425K | +2.8% |
Shawnee | $385K | $386.9K | 0.5% |
Back Creek | $378K | $360K | -4.8% |
Housing Supply in Stephens City, VA
How many homes are available in Stephens City, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
93 | 101 | +8.6% |
Summary: The Stephens City real estate market had 101 homes for sale in March 2024, a 8.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 13 | -13.3% |
3 Bedrooms | 31 | 36 | +16.1% |
4 Bedrooms | 25 | 31 | +24.0% |
5+ Bedrooms | 22 | 21 | -4.5% |
Summary: The Stephens City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 24%, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 24 | +26.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Stephens City in March 2024, up by 26.3% month-over-month. Of the 24 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.
Days on Market for Stephens City, VA
How long does it take to sell a home in Stephens City, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
10 Days | 34 Days | +218.8% |
Summary: Homes in Stephens City had an average of 34 days on market in Mar 2024, up by 218.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Stephens City; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.