$7,000,000
5,505 SqFt
6 Beds
•4 Full Baths, 2 Partial
Abby Hitt, Listing Office: Hunt Country Sotheby's International 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 November 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
$595,000
$254/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Cedar Run has remained the same since last year.
Summary: The median home sold price in Cedar Run was $595,000 in November 2024, the same as last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229.9K | - | N/A |
| 2 Bedrooms | $377K | $380K | +0.8% |
| 3 Bedrooms | $497.9K | $542.5K | +9.0% |
| 4 Bedrooms | $660K | $675K | +2.3% |
| 5+ Bedrooms | $700K | $865K | +23.6% |
Summary: Cedar 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 increased by 0.8%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 2.3%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 47 | -36.5% |
Summary: The Cedar Run real estate market had 47 homes for sale in November 2024, a 36.5% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 35 | 18 | -48.6% |
| 4 Bedrooms | 29 | 19 | -34.5% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Cedar 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 100%, 3 bedroom homes decreased by 48.6%, 4 bedroom homes decreased by 34.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 10 | -69.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Run, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Cedar Run in November 2024, down by 69.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 34 Days | -37.8% |
Summary: Homes in Cedar Run had an average of 34 days on market in Nov 2024, down by 37.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Run are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Cedar Run; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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