$7,125 Closing Credit*
$599,990
4,034 SqFt
4 Beds
•3 Full Baths, 1 Partial
Julia Foard Lynch, Listing Office: CENTURY 21 New Millennium
Is Red Bud, 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, Red Bud has remained a Seller's Market.
Key Takeaway
Red Bud is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Red Bud, VA
How much do homes in Red Bud, VA cost?
Median Sold Price
$390,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,500(+7.6%)
Key Takeaway
Homes in Red Bud have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Red Bud was $390,000 in October 2024, up 7.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $250.2K | +11.2% |
| 3 Bedrooms | $349.9K | $357K | +2.0% |
| 4 Bedrooms | $402K | $475K | +18.2% |
| 5+ Bedrooms | $544.9K | $470K | -13.7% |
Summary: Red Bud 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 11.2%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 13.7%.
Median Sold Price Compared To Nearby Cities
| Shawnee | $391.5K | $424.9K | +8.5% |
| Red Bud | $362.5K | $390K | +7.6% |
| Winchester | $365.5K | $385.6K | +5.5% |
| Stonewall | $400K | $410K | +2.5% |
| Stephenson | $440K | $447.4K | +1.7% |
Housing Supply in Red Bud, VA
How many homes are available in Red Bud, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 58 | +3.6% |
Summary: The Red Bud real estate market had 58 homes for sale in October 2024, a 3.6% increase 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 | 10 | 8 | -20.0% |
| 3 Bedrooms | 29 | 21 | -27.6% |
| 4 Bedrooms | 13 | 20 | +53.8% |
| 5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The Red Bud 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 decreased by 20%, 3 bedroom homes decreased by 27.6%, 4 bedroom homes increased by 53.8%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Bud, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Red Bud in October 2024, down by 12.5% month-over-month. Of the 14 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Red Bud, VA
How long does it take to sell a home in Red Bud, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 48 Days | +117.0% |
Summary: Homes in Red Bud had an average of 48 days on market in Oct 2024, up by 117% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Red Bud are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Red Bud; 79% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
