$9,411 Closing Credit*
$792,500
2,436 SqFt
3 Beds
•3 Full Baths, 1 Partial
Jacqueline M Lawlor, Listing Office: Jack Lawlor Realty Company
Is Broad Run, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
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.
Housing Prices in Broad Run, VA
How much do homes in Broad Run, VA cost?
Median Sold Price
$675,000
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$24,002(+3.7%)
Key Takeaway
Homes in Broad Run have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Broad Run was $675,000 in August 2024, up 3.7% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289.4K | $300K | +3.7% |
| 2 Bedrooms | $430K | $435K | +1.2% |
| 3 Bedrooms | $625K | $661.6K | +5.9% |
| 4 Bedrooms | $851K | $868.6K | +2.1% |
| 5+ Bedrooms | $949K | $1.2M | +26.4% |
Summary: Broad Run housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 26.4%.
Housing Supply in Broad Run, VA
How many homes are available in Broad Run, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 188 | 179 | -4.8% |
Summary: The Broad Run real estate market had 179 homes for sale in August 2024, a 4.8% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 35 | 39 | +11.4% |
| 3 Bedrooms | 71 | 67 | -5.6% |
| 4 Bedrooms | 43 | 34 | -20.9% |
| 5+ Bedrooms | 32 | 33 | +3.1% |
Summary: The Broad Run housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 11.4%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 20.9%, and 5+ bedroom homes increased by 3.1%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 91 | 69 | -24.2% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broad Run, you could pay more than the asking price. 42% of homes here sold above asking price last month.
Summary: A total of 69 homes were sold or pending in Broad Run in August 2024, down by 24.2% month-over-month. Of the 69 sold homes, 35% were sold under asking, 23% were sold at asking, and 42% were sold over asking.
Days on Market for Broad Run, VA
How long does it take to sell a home in Broad Run, VA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 17 Days | 21 Days | +20.9% |
Summary: Homes in Broad Run had an average of 21 days on market in Aug 2024, up by 20.9% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broad Run are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 69 homes were sold in Broad Run; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
