Is Stephenson, VA 22656 a buyer’s or seller’s market?
Stephenson is a seller’s market. With about 2.9 months of supply and 30% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 63% of U.S. ZIP codes, and #184 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Stephenson housing market right now
In the three months ending August 31, 2026, 30% of homes in Stephenson, VA 22656 sold above their list price, the typical home went under contract in 49 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 31 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold faster (67 days then) and the median sale price rose 9% to $494,286. Overall, Stephenson is more competitive than a year ago, so tougher for buyers.
Within Frederick County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Stephenson ranks #184 of 358 VA ZIP codes with enough sales (score 61 out of 100).
Nearby, buyers who want less competition could look at Star Tannery 22654 (0% sold over asking) or Gore 22637 (0% sold over asking).
Run the numbers for 22656
Nearby markets
Clear Brook 22624Buyer’s market $229 /sq ftCross Junction 22625Seller’s market $209 /sq ftGore 22637Balanced $172 /sq ftMiddletown 22645Seller’s market $219 /sq ft Browse all markets →Towns like Stephenson nearby
Find towns like Stephenson in other states →Where Stephenson is
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Questions about Stephenson real estate
Is Stephenson a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Stephenson, VA 22656 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Stephenson?
The typical home went under contract in 49 days in the latest three months.
Do homes in Stephenson sell over asking?
30% of homes sold above their original list price, and the typical sale closed at 100.1% of the list price.
What are property taxes in Stephenson?
About 0.48% of a home’s value a year in Frederick County, or roughly $1,920 on a $400,000 home.
What is the median home price in Stephenson?
The median sale price was $494,286 in the three months ending August 31, 2026, about $179 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology