Runaway Bay Home Values

While Wise County's broader market posted price per square foot in the low-$190s this past quarter, Runaway Bay settled closer to the low-$170s — a roughly 12% discount to the county benchmark, based on MLS data for 2026-06 closings in Runaway Bay. The directional gap has persisted through a full year of trailing data, where per-square-foot values averaged in the high-$160s. Sellers gave back just under five cents on the dollar at closing — slightly more than the county average — with about a third of transactions including a concession averaging roughly $8,400. No seller secured a price above list during the quarter.

The supply-demand imbalance in Runaway Bay sits noticeably deeper than the Wise County norm. With roughly a dozen pending contracts against more than 120 active listings, the absorption pace implies nearly 15 months of supply — about 50% above the county's already-elevated figure. New listing activity added more than 60 homes to the market during the quarter with limited offsetting demand. Directionally, the pipeline signals that conditions in Runaway Bay remain softer than surrounding Wise County communities, with no near-term catalysts visible in the pending count.

Homes in Runaway Bay are taking meaningfully longer to reach the closing table — the most recent quarter's closings logged a median of roughly 110 days on market, up from the trailing-year median of about 89 days. Based on MLS data for the most recent closings in Runaway Bay, price per square foot nudged higher to the low-$170s, a directional lift from the annual pace, though the limited sample of about two dozen closings warrants caution. Sellers gave back slightly less than five cents on the dollar at closing, and roughly a third of transactions included a concession averaging around $8,400.

The pipeline in Runaway Bay tells a notably slower story heading into summer. Pending contracts have thinned to a dozen against an active inventory of more than 120 homes — a ratio that, combined with roughly 14 to 15 months of supply, points to a market where homes are sitting well before finding a buyer. New listing activity continued to add supply during the quarter, further widening the gap between available homes and active buyers. Directionally, the data suggests demand absorption in Runaway Bay remains well below the pace needed to tighten supply.