$475,000
14.27 Acres
Land
Tammie L Mason, Listing Office: Century 21 Redwood Realty
Is Cedar 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, Cedar Run has remained a Seller's Market.
Key Takeaway
Cedar Run is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Run, VA
How much do homes in Cedar Run, VA cost?
Median Sold Price
$600,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,435(+3.3%)
Key Takeaway
Homes in Cedar Run have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Cedar Run was $600,000 in October 2024, up 3.3% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229.9K | - | N/A |
| 2 Bedrooms | $377K | $380K | +0.8% |
| 3 Bedrooms | $485.4K | $530K | +9.2% |
| 4 Bedrooms | $640K | $682.5K | +6.6% |
| 5+ Bedrooms | $700K | $865K | +23.6% |
Summary: Cedar Run housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 23.6%.
Housing Supply in Cedar Run, VA
How many homes are available in Cedar Run, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 75 | -7.4% |
Summary: The Cedar Run real estate market had 75 homes for sale in October 2024, a 7.4% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 36 | 32 | -11.1% |
| 4 Bedrooms | 26 | 30 | +15.4% |
| 5+ Bedrooms | 17 | 11 | -35.3% |
Summary: The Cedar 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 11.1%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 35.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 32 | +113.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Run, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Cedar Run in October 2024, up by 113.3% month-over-month. Of the 32 sold homes, 47% were sold under asking, 31% were sold at asking, and 22% were sold over asking.
Days on Market for Cedar Run, VA
How long does it take to sell a home in Cedar Run, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 64 Days | +234.4% |
Summary: Homes in Cedar Run had an average of 64 days on market in Oct 2024, up by 234.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cedar Run has remained consistent over time.
Summary: During October 2024, 32 homes were sold in Cedar Run; 38% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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