The Long & Foster Market Minute

Focus On: Stephens City Housing Market June 2021

Zip Code(s): 22655
Units Sold
45
Active Inventory
26
Median Sale Price
$349,900
Days On Market
7
Down -27%
Vs. Year Ago
Down -54%
Vs. Year Ago
Up 35%
Vs. Year Ago
Down -83%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 45 sold this month in Stephens City Real Estate versus 55 last month, a decrease of 18%. This month's total units sold was lower than at this time last year, a decrease of 27% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 31 units or 54%. The total number of active inventory this June was 26 compared to 57 in June 2020. This month's supply remained stable as compared to last month.

Median Sale Price
Last June, the median sale price for Stephens City Homes was $259,900. This June, the median sale price was $349,900, an increase of $90,000 compared to last year. The current median sold price is higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
63
Current Contracts
57
Sold Vs. List Price
102.3%
Months of Supply
0.6
Down -2%
Vs. Year Ago
Down -12%
Vs. Year Ago
Up 2.7%
Vs. Year Ago
Down -37%
Vs. Year Ago

Months of Supply
In June, there was 0.6 months of supply available in Stephens City, compared to 0.9 in June 2020. That is a decrease of 37% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 63 homes newly listed for sale in Stephens City compared to 64 in June 2020, a decrease of 2%. There were 57 current contracts pending sale this June compared to 65 a year ago. The number of current contracts is 12% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Stephens City was 102.3% of the average list price, which is 2.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 7, lower than the average last year, which was 42, a decrease of 83%.

The Long & Foster Market Minute Stephens City are defined as properties listed in zip code/s 22655.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.