Is Red Bud, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$385,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Red Bud have sold for 10% more than they did a year ago.
Summary: The median home sold price in Red Bud was $385,000 in April 2024, up 10% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $221K | $235.5K | +6.6% |
| 3 Bedrooms | $350K | $337.5K | -3.6% |
| 4 Bedrooms | $397.5K | $427.5K | +7.5% |
| 5+ Bedrooms | $529.2K | $491K | -7.2% |
Summary: Red Bud housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Stephenson | $406.5K | $465K | +14.4% |
| Winchester | $330.5K | $370.6K | +12.1% |
| Red Bud | $350K | $385K | +10.0% |
| Stonewall | $371.7K | $401K | +7.9% |
| Shawnee | $374K | $398.9K | +6.7% |
Housing Supply in Red Bud, VA
How many homes are available in Red Bud, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 67 | +15.5% |
Summary: The Red Bud real estate market had 67 homes for sale in April 2024, a 15.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 19 | 29 | +52.6% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Red Bud housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 52.6%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Bud, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Red Bud in April 2024, up by 31.3% month-over-month. Of the 21 sold homes, 24% were sold under asking, 24% were sold at asking, and 52% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 33 Days | +95.2% |
Summary: Homes in Red Bud had an average of 33 days on market in Apr 2024, up by 95.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 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 April 2024, 21 homes were sold in Red Bud; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
