$5,344 Closing Credit*
$450,000
2,801 SqFt
4 Beds
•3 Full Baths, 1 Partial
Bradley Comstock, Listing Office: ERA Oakcrest Realty, Inc.
Is Red Bud, 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, 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 November 2023
+$25,000(+6.8%)
Key Takeaway
Homes in Red Bud have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Red Bud was $390,000 in November 2024, up 6.8% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $233.9K | $250.2K | +7.0% |
| 3 Bedrooms | $350K | $357K | +2.0% |
| 4 Bedrooms | $402K | $466.9K | +16.2% |
| 5+ Bedrooms | $544.9K | $491K | -9.9% |
Summary: Red Bud 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 7%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Red Bud | $365K | $390K | +6.8% |
| Shawnee | $394.9K | $420.7K | +6.5% |
| Winchester | $365K | $388K | +6.3% |
| Stonewall | $404.3K | $405K | 0.2% |
| Stephenson | $447.3K | $439.9K | -1.7% |
Housing Supply in Red Bud, VA
How many homes are available in Red Bud, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 58 | 0.0% |
Summary: The Red Bud real estate market had 58 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 5 | -44.4% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 17 | 21 | +23.5% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Red Bud 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 44.4%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Bud, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Red Bud in November 2024, down by 5.9% month-over-month. Of the 16 sold homes, 31% were sold under asking, 38% were sold at asking, and 31% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 27 Days | +30.9% |
Summary: Homes in Red Bud had an average of 27 days on market in Nov 2024, up by 30.9% compared to last year.
Breakdown of Home Sale Times
12 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 Red Bud are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Red Bud; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
