Is Stevensburg, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stevensburg is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Stevensburg has remained a Seller's Market.

Key Takeaway

Stevensburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Stevensburg, VA

How much do homes in Stevensburg, VA cost?

Median Sold Price

$505,000

$233/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

+$20,000(+4.1%)

Key Takeaway

Homes in Stevensburg have sold for 4.1% more than they did a month ago.

Summary: The median home sold price in Stevensburg was $505,000 in August 2024, up 4.1% from last month, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 --
N/A
3 $450K$390K
-13.3%
4 $544.7K$892.6K
+63.9%
5+ $855K-
N/A

Summary: Stevensburg housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 63.9%, and 5+ bedroom homes did not change.

Housing Supply in Stevensburg, VA

How many homes are available in Stevensburg, VA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
4043+7.5%

Summary: The Stevensburg real estate market had 43 homes for sale in August 2024, a 7.5% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 2322
-4.3%
4 912
+33.3%
5+ 87
-12.5%

Summary: The Stevensburg housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
990.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stevensburg, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Stevensburg in August 2024, the same as the previous month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.

Days on Market for Stevensburg, VA

How long does it take to sell a home in Stevensburg, VA?

Average Sale Time

Jul 2024Aug 2024CHANGE
22 Days54 Days+140.7%

Summary: Homes in Stevensburg had an average of 54 days on market in Aug 2024, up by 140.7% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Stevensburg are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 9 homes were sold in Stevensburg; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

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