$10,000 Closing Credit*
$1,399,000
4,708 SqFt
6 Beds
•4 Full Baths, 1 Partial
Mark Alan Willemsen, Listing Office: RE/MAX Gateway
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
$750,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,500(+5.6%)
Key Takeaway
Homes in Broad Run have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Broad Run was $750,000 in November 2024, up 5.6% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $641.8K | $600K | -6.5% |
| 3 Bedrooms | $702.1K | $700K | -0.3% |
| 4 Bedrooms | $750K | $725K | -3.3% |
| 5+ Bedrooms | $725K | $932.5K | +28.6% |
Summary: Broad Run housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 28.6%.
Median Sold Price Compared To Nearby Cities
| Scott | $710K | $780.6K | +10.0% |
| Gainesville | $584.1K | $640.1K | +9.6% |
| Brentsville | $630.9K | $675K | +7.0% |
| Broad Run | $710.5K | $750K | +5.6% |
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 |
|---|---|---|
| 12 | 8 | -33.3% |
Summary: The Broad Run real estate market had 8 homes for sale in November 2024, a 33.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Broad Run housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Broad Run in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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 |
|---|---|---|
| 15 Days | 23 Days | +53.9% |
Summary: Homes in Broad Run had an average of 23 days on market in Nov 2024, up by 53.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 November 2024, 3 homes were sold in Broad Run; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
