$5,914 Closing Credit*
$498,000
1,251 SqFt
2 Beds
•2 Full Baths
K. Jill Park, Listing Office: TTR Sothebys International 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 November 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
$667,688
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,532(-0.5%)
Key Takeaway
Homes in Broad Run have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Broad Run was $667,688 in November 2024, down 0.5% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289.4K | $300K | +3.7% |
| 2 Bedrooms | $431K | $441K | +2.3% |
| 3 Bedrooms | $647.4K | $657.5K | +1.6% |
| 4 Bedrooms | $850.6K | $877K | +3.1% |
| 5+ Bedrooms | $1.0M | $1.2M | +19.9% |
Summary: Broad Run housing prices by bedroom type for November 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 1.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 19.9%.
Housing Supply in Broad Run, VA
How many homes are available in Broad Run, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 176 | 145 | -17.6% |
Summary: The Broad Run real estate market had 145 homes for sale in November 2024, a 17.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 48 | 34 | -29.2% |
| 3 Bedrooms | 68 | 61 | -10.3% |
| 4 Bedrooms | 38 | 30 | -21.1% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Broad Run housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 29.2%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 88 | 52 | -40.9% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broad Run, you may be able to get a good deal. 40.4% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Broad Run in November 2024, down by 40.9% month-over-month. Of the 52 sold homes, 40% were sold under asking, 23% were sold at asking, and 37% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 19 Days | -0.3% |
Summary: Homes in Broad Run had an average of 19 days on market in Nov 2024, down by 0.3% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
10 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 November 2024, 52 homes were sold in Broad Run; 79% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
