Is Cedar Run, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cedar Run was a Seller's Market.
Housing Prices in Cedar Run, VA
How much do homes in Cedar Run, VA cost?
Median Sold Price
$580,565
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cedar Run was $580,565 in April 2024, up 5.1% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $259.4K | - | N/A |
2 Bedrooms | $429.5K | $446K | +3.8% |
3 Bedrooms | $480K | $475K | -1.0% |
4 Bedrooms | $627K | $674.9K | +7.7% |
5+ Bedrooms | $740K | $749.9K | +1.3% |
Summary: Cedar Run housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 1.3%.
Housing Supply in Cedar Run, VA
How many homes are available in Cedar Run, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 57 | +11.8% |
Summary: The Cedar Run real estate market had 57 homes for sale in April 2024, a 11.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 17 | 18 | +5.9% |
4 Bedrooms | 19 | 23 | +21.1% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Cedar Run housing inventory by bedroom type for April 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 5.9%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Cedar Run in April 2024, the same as the previous month. Of the 9 sold homes, 22% were sold under asking, 44% were sold at asking, and 33% were sold over asking.
Days on Market for Cedar Run, VA
How long does it take to sell a home in Cedar Run, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 15 Days | -39.3% |
Summary: Homes in Cedar Run had an average of 15 days on market in Apr 2024, down by 39.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Cedar Run; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.