Runaway Bay Home Values

Closing timelines in Runaway Bay compressed sharply this quarter, with the median days-to-close falling to 82 — down from 115 last quarter and now running noticeably faster than the trailing year's 94-day pace, based on MLS data for 2026-09 closings in Runaway Bay. Across a limited sample of 21 transactions, price per square foot eased back to $167, retreating from last quarter's $174 and landing right on the year-long average. Concessions remained common, appearing in about a third of sales and averaging just over $9,400 — a larger giveback than the annual norm. Sellers collected just under 94 cents on the dollar at closing, with no buyer paying above list.

The pipeline in Runaway Bay showed its clearest sign of acceleration in months: pending contracts jumped to five, up from essentially none last quarter, even as active inventory ticked up modestly to 149 homes. Months of supply held near 21 — still far above Wise County's roughly nine-month figure — but new listing activity picked up pace too, adding 61 homes to the market. Directionally, the faster turnaround at closing appears to be feeding a modest pickup in contract activity, though the absorption gap with the broader county remains wide.

Price per square foot in Runaway Bay closed the quarter at $174, trailing Wise County's broader $197 benchmark by roughly 12% — a gap that, across a limited sample of 20 closings, has held steady even as the pace to close swung sharply wider, based on MLS data for 2026-08 closings in Runaway Bay. The median days-to-close stretched to 115, undoing last quarter's brief reversal toward faster sales and running nearly double the county's 62-day pace. Concession frequency eased slightly to three in ten transactions, though the average check crept higher to just under $9,000. Sellers collected roughly 94 cents on the dollar at closing — a few cents behind the county's take — with no buyer paying above list.

The forward-looking picture underscores Runaway Bay's distance from Wise County's broader pace. Pending contracts collapsed to a single contract against 137 active listings this quarter, pushing months of supply to roughly twenty and a half — more than double the county's nine-month figure. New listing activity added about 54 homes to the market, keeping fresh supply arriving faster than contracts are forming. Directionally, the gap between Runaway Bay's absorption pace and the county norm widened rather than narrowed this quarter.

Closings in Runaway Bay settled in a median of roughly 84 days this quarter — directionally, a reversal from the stretched near-110-day timelines reported earlier this year, and now running just ahead of the trailing year's 87-day pace, based on MLS data for 2026-07 closings in Runaway Bay. Across a limited sample of closings, price per square foot held near the mid-$170s, a modest step up from the year-long average in the high-$160s. Concessions remained a fixture of the negotiation, with roughly a third of transactions including one, averaging near $8,600 — a larger giveback than the annual norm. Sellers continued collecting just over 94 cents on the dollar at closing, with no buyer paying above list.

Pending contracts in Runaway Bay thinned further this quarter to just a handful, even as active inventory held flat near 130 homes — a combination that pushed months of supply out to roughly seventeen and a half, up from the year-long pace near sixteen. New listing activity also eased modestly, adding a bit over fifty homes to the market, a slightly slower pace than the trailing year. Directionally, the pipeline points to a market absorbing homes more slowly than Wise County overall, where supply sits closer to nine and a half months, with little near-term signal of tightening.