Is Bull Run, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bull Run is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Bull Run has remained a Seller's Market.

Key Takeaway

Bull Run is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bull Run, VA

How much do homes in Bull Run, VA cost?

Median Sold Price

$815,000

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,550(+1.6%)

Key Takeaway

Homes in Bull Run have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Bull Run was $815,000 in October 2024, up 1.6% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $251K$250K
-0.4%
2 $370K$397.5K
+7.4%
3 $409.5K$619.9K
+51.4%
4 $877K$982.5K
+12.0%
5+ $1.2M$1.0M
-10.3%

Summary: Bull Run housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 51.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 10.3%.

Median Sold Price Compared To Nearby Neighborhoods

Bull Run District
+9.5%
Sudley
+7.4%
Bull Run
+1.6%

Housing Supply in Bull Run, VA

How many homes are available in Bull Run, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2335+52.2%

Summary: The Bull Run real estate market had 35 homes for sale in October 2024, a 52.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 56
+20.0%
2 55
0.0%
3 03
+100.0%
4 47
+75.0%
5+ 914
+55.6%

Summary: The Bull Run housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 55.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bull Run, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Bull Run in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.

Days on Market for Bull Run, VA

How long does it take to sell a home in Bull Run, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days8 Days-36.5%

Summary: Homes in Bull Run had an average of 8 days on market in Oct 2024, down by 36.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bull Run are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Bull Run; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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