$6,519 Closing Credit*
$549,000
1,780 SqFt
3 Beds
•3 Full Baths, 1 Partial
Kathrin Donovan, Listing Office: Keller Williams Realty
Is Broad Run, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$662,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$8,000(-1.2%)
Key Takeaway
Homes in Broad Run have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Broad Run was $662,000 in October 2024, down 1.2% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289.4K | $300K | +3.7% |
| 2 Bedrooms | $430K | $440K | +2.3% |
| 3 Bedrooms | $643.7K | $650K | +1.0% |
| 4 Bedrooms | $856.9K | $874.9K | +2.1% |
| 5+ Bedrooms | $995K | $1.2M | +20.6% |
Summary: Broad Run housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 20.6%.
Housing Supply in Broad Run, VA
How many homes are available in Broad Run, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 169 | 202 | +19.5% |
Summary: The Broad Run real estate market had 202 homes for sale in October 2024, a 19.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 43 | 53 | +23.3% |
| 3 Bedrooms | 65 | 82 | +26.2% |
| 4 Bedrooms | 34 | 40 | +17.6% |
| 5+ Bedrooms | 22 | 24 | +9.1% |
Summary: The Broad Run housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 81 | +84.1% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broad Run, you could pay more than the asking price. 39.5% of homes here sold above asking price last month.
Summary: A total of 81 homes were sold or pending in Broad Run in October 2024, up by 84.1% month-over-month. Of the 81 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 17 Days | +61.1% |
Summary: Homes in Broad Run had an average of 17 days on market in Oct 2024, up by 61.1% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Broad Run are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 81 homes were sold in Broad Run; 84% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
