Is Red Bud, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Red Bud has remained a Seller's Market.
Housing Prices in Red Bud, VA
How much do homes in Red Bud, VA cost?
Median Sold Price
$385,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Red Bud was $385,000 in May 2024, up 10% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215.5K | $237.7K | +10.3% |
3 Bedrooms | $350K | $337.5K | -3.6% |
4 Bedrooms | $397.5K | $435K | +9.4% |
5+ Bedrooms | $459K | $544.9K | +18.7% |
Summary: Red Bud housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Cities
Red Bud | $350K | $385K | +10.0% |
Winchester | $342K | $374.8K | +9.6% |
Stephenson | $412.5K | $450K | +9.1% |
Shawnee | $375K | $400K | +6.7% |
Stonewall | $377K | $400K | +6.1% |
Housing Supply in Red Bud, VA
How many homes are available in Red Bud, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 74 | +12.1% |
Summary: The Red Bud real estate market had 74 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 23 | 29 | +26.1% |
4 Bedrooms | 28 | 25 | -10.7% |
5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Red Bud housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 26.1%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 18 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Red Bud in May 2024, down by 14.3% month-over-month. Of the 18 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 11 Days | -23.3% |
Summary: Homes in Red Bud had an average of 11 days on market in May 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Red Bud; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.