$10,000 Closing Credit*
$1,099,000
4,916 SqFt
5 Beds
•3 Full Baths, 1 Partial
Rheema H Ziadeh, Listing Office: Redfin Corporation
Is Sugarland 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, Sugarland Run has remained a Seller's Market.
Key Takeaway
Sugarland Run is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sugarland Run, VA
How much do homes in Sugarland Run, VA cost?
Median Sold Price
$660,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,931(+8.2%)
Key Takeaway
Homes in Sugarland Run have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Sugarland Run was $660,000 in October 2024, up 8.2% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $410K | $450K | +9.8% |
| 3 Bedrooms | $565K | $600K | +6.2% |
| 4 Bedrooms | $641.1K | $768.5K | +19.9% |
| 5+ Bedrooms | $892K | $955K | +7.1% |
Summary: Sugarland 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 9.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Sugarland Run | $610K | $660K | +8.2% |
| Potomac | $565.6K | $599.9K | +6.1% |
| Dranesville | $1.2M | $1.2M | +5.5% |
Housing Supply in Sugarland Run, VA
How many homes are available in Sugarland Run, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 54 | +12.5% |
Summary: The Sugarland Run real estate market had 54 homes for sale in October 2024, a 12.5% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 23 | 27 | +17.4% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Sugarland 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 6.7%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sugarland Run, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Sugarland Run in October 2024, the same as the previous month. Of the 19 sold homes, 21% were sold under asking, 37% were sold at asking, and 42% were sold over asking.
Days on Market for Sugarland Run, VA
How long does it take to sell a home in Sugarland Run, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 17 Days | +78.6% |
Summary: Homes in Sugarland Run had an average of 17 days on market in Oct 2024, up by 78.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sugarland Run are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Sugarland Run; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
