Is Bull Run District, 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, Bull Run District has remained a Seller's Market.
Key Takeaway
Bull Run District is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bull Run District, VA
How much do homes in Bull Run District, VA cost?
Median Sold Price
$605,166
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bull Run District have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Bull Run District was $605,166 in April 2024, up 5.7% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $278K | +9.0% |
| 2 Bedrooms | $358K | $387.7K | +8.3% |
| 3 Bedrooms | $522.9K | $560K | +7.1% |
| 4 Bedrooms | $750.3K | $800K | +6.6% |
| 5+ Bedrooms | $935K | $995K | +6.4% |
Summary: Bull Run District housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Neighborhoods
| The Meadows | $275.5K | $313.5K | +13.8% |
| Bull Run District | $572.4K | $605.1K | +5.7% |
| Centreville | $521.4K | $549.5K | +5.4% |
Housing Supply in Bull Run District, VA
How many homes are available in Bull Run District, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 230 | 304 | +32.2% |
Summary: The Bull Run District real estate market had 304 homes for sale in April 2024, a 32.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 26 | +62.5% |
| 2 Bedrooms | 40 | 46 | +15.0% |
| 3 Bedrooms | 84 | 117 | +39.3% |
| 4 Bedrooms | 60 | 73 | +21.7% |
| 5+ Bedrooms | 30 | 42 | +40.0% |
Summary: The Bull Run District housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 62.5%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 39.3%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 93 | 98 | +5.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
72 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bull Run District, you could pay more than the asking price. 73.5% of homes here sold above asking price last month.
Summary: A total of 98 homes were sold or pending in Bull Run District in April 2024, up by 5.4% month-over-month. Of the 98 sold homes, 10% were sold under asking, 16% were sold at asking, and 73% were sold over asking.
Days on Market for Bull Run District, VA
How long does it take to sell a home in Bull Run District, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 6 Days | -40.1% |
Summary: Homes in Bull Run District had an average of 6 days on market in Apr 2024, down by 40.1% compared to last year.
Breakdown of Home Sale Times
95 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bull Run District are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 98 homes were sold in Bull Run District; 97% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Copyright © 2024 REIN, Inc - All Rights Reserved. Information Deemed Reliable But Not Guaranteed.