Is Red Bud, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Red Bud has remained a Seller's Market.
Housing Prices in Red Bud, VA
How much do homes in Red Bud, VA cost?
Median Sold Price
$385,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Red Bud was $385,000 in April 2024, up 10% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $221K | $235.5K | +6.6% |
3 Bedrooms | $350K | $337.5K | -3.6% |
4 Bedrooms | $397.5K | $427.5K | +7.5% |
5+ Bedrooms | $529.2K | $491K | -7.2% |
Summary: Red Bud 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 6.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Cities
Stephenson | $406.5K | $465K | +14.4% |
Winchester | $330.5K | $370.6K | +12.1% |
Red Bud | $350K | $385K | +10.0% |
Stonewall | $371.7K | $401K | +7.9% |
Shawnee | $374K | $398.9K | +6.7% |
Housing Supply in Red Bud, VA
How many homes are available in Red Bud, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 67 | +15.5% |
Summary: The Red Bud real estate market had 67 homes for sale in April 2024, a 15.5% 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 | 8 | 8 | 0.0% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 19 | 29 | +52.6% |
5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Red Bud 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 9.5%, 4 bedroom homes increased by 52.6%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 21 | +31.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Red Bud in April 2024, up by 31.3% month-over-month. Of the 21 sold homes, 24% were sold under asking, 24% were sold at asking, and 52% were sold over asking.
Days on Market for Red Bud, VA
How long does it take to sell a home in Red Bud, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 33 Days | +95.2% |
Summary: Homes in Red Bud had an average of 33 days on market in Apr 2024, up by 95.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Red Bud; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.