The housing market in Stephens City continues to see strong price appreciation, with values up 14.5% compared to last year. Home prices have increased 5.6% in the past month alone. With 21 active listings, inventory is 133% higher than seasonal norms. Transaction volume is up 250% compared to what's typically expected this time of year. A significant 57.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 7.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Stephens City market with the affordability index at 1108.3. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.