Is Broad Run, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broad Run is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Broad Run has remained a Seller's Market.

Key Takeaway

Broad Run is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Broad Run, VA cost?

Median Sold Price

$612,333

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$12,333(+2.1%)

Key Takeaway

Homes in Broad Run have sold for 2.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $230K$244.5K
+6.3%
2 $375K$410K
+9.3%
3 $550K$575.5K
+4.6%
4 $760K$830K
+9.2%
5+ $928.7K$1.0M
+9.1%

Median Sold Price Compared To Nearby Cities

Potomac
+14.3%
Catoctin
+10.6%
Dulles
+10.6%
Broad Run
+2.1%

How many homes are available in Broad Run, VA?

Number of Homes For Sale

Sep 2022Oct 2022%
212193-9.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 33
0.0%
2 3632
-11.1%
3 9785
-12.4%
4 4941
-16.3%
5+ 2732
+18.5%

Number of Homes Sold

Sep 2022Oct 2022%
6653-19.7%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broad Run, you may be able to get a good deal. 54.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
9 Days16 Days+70.4%

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Broad Run are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Broad Run, VA

Broad Run, VA has 193 homes on the market. In October 2022 in Broad Run, VA there were 9% less homes for sale than in September 2022. In October 2022 median list price was $612,333 and the average listing age was 16 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 6.3%, the cost of 2 bedrooms properties went up by 9.3%, the cost of 3 bedrooms properties went up by 4.6%, 4 bedrooms properties became 9.2% more expensive, the cost of 5 bedrooms properties went up by 9.1%. This housing market inventory have changed: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went down by 11.1%, 3 bedrooms homes inventory decreased by 12.4%, 4 bedrooms homes became 16.3% less available, 5 bedrooms homes inventory increased by 18.5%. Broad Run, VA housing market in October 2022 saw over 12 listings sold above listed price, more than 12 sold at listed price and over 29 sold below.

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