Is Stephenson, 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, Stephenson has remained a Buyer's Market.
Housing Prices in Stephenson, VA
How much do homes in Stephenson, VA cost?
Median Sold Price
$465,415
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Stephenson was $465,415 in March 2024, up 19.2% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215K | $220K | +2.3% |
3 Bedrooms | $345K | $390K | +13.0% |
4 Bedrooms | $450K | $516.9K | +14.9% |
5+ Bedrooms | $585K | $623.5K | +6.6% |
Summary: Stephenson 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 2.3%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
Clear Brook | $340K | $424.9K | +25.0% |
Stephenson | $390.3K | $465.4K | +19.2% |
Stonewall | $358K | $415.2K | +16.0% |
Red Bud | $353.5K | $375.5K | +6.2% |
Housing Supply in Stephenson, VA
How many homes are available in Stephenson, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 52 | +26.8% |
Summary: The Stephenson real estate market had 52 homes for sale in March 2024, a 26.8% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 22 | 29 | +31.8% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Stephenson 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 remained the same, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Stephenson in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Stephenson, VA
How long does it take to sell a home in Stephenson, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 86 Days | +63.8% |
Summary: Homes in Stephenson had an average of 86 days on market in Mar 2024, up by 63.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Stephenson; 14% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.