$10,000 Closing Credit*
$1,450,000
4,708 SqFt
4 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 Last Month
Since last month, 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
$782,000
$240/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$118,000(-13.1%)
Key Takeaway
Homes in Broad Run have sold for 13.1% less than they did a month ago.
Summary: The median home sold price in Broad Run was $782,000 in October 2024, down 13.1% from last month, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $590K | N/A |
| 3 Bedrooms | $600K | $782K | +30.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $900K | - | N/A |
Summary: Broad Run housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 30.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
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 |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Broad Run real estate market had 15 homes for sale in October 2024, a 11.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 6 | 2 | -66.7% |
Summary: The Broad Run housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 300%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broad Run, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Broad Run in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 34 Days | +2.0% |
Summary: Homes in Broad Run had an average of 34 days on market in Oct 2024, up by 2% compared to last month.
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 October 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.
