Is Broad Run, 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, Broad Run has remained a Buyer's Market.
Housing Prices in Broad Run, VA
How much do homes in Broad Run, VA cost?
Median Sold Price
$710,500
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Broad Run was $710,500 in April 2024, up 10.5% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $664.8K | $739.9K | +11.3% |
3 Bedrooms | $598.9K | $702.1K | +17.2% |
4 Bedrooms | $707.5K | $710.5K | 0.4% |
5+ Bedrooms | $700K | $1.4M | +100.3% |
Summary: Broad 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 11.3%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 100.3%.
Median Sold Price Compared To Nearby Cities
Scott | $640K | $726K | +13.4% |
Broad Run | $643.1K | $710.5K | +10.5% |
Gainesville | $554.7K | $600K | +8.2% |
Brentsville | $610K | $657.6K | +7.8% |
Housing Supply in Broad Run, VA
How many homes are available in Broad Run, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 17 | +54.5% |
Summary: The Broad Run real estate market had 17 homes for sale in April 2024, a 54.5% 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 | 1 | 0 | -100.0% |
3 Bedrooms | 1 | 4 | +300.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Broad 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 decreased by 100%, 3 bedroom homes increased by 300%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Broad Run in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
114 Days | 3 Days | -97.4% |
Summary: Homes in Broad Run had an average of 3 days on market in Apr 2024, down by 97.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Broad Run; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.