Is Charles Town, WV 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, Charles Town has remained a Seller's Market.
Housing Prices in Charles Town, WV
How much do homes in Charles Town, WV cost?
Median Sold Price
$390,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Charles Town was $390,000 in May 2024, up 8.3% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $725K | N/A |
2 Bedrooms | $185K | $235.3K | +27.2% |
3 Bedrooms | $308K | $322.6K | +4.8% |
4 Bedrooms | $422.9K | $454.9K | +7.6% |
5+ Bedrooms | $452.5K | $517.5K | +14.4% |
Summary: Charles Town 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 27.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 14.4%.
Housing Supply in Charles Town, WV
How many homes are available in Charles Town, WV?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
114 | 122 | +7.0% |
Summary: The Charles Town real estate market had 122 homes for sale in May 2024, a 7.0% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 53 | 56 | +5.7% |
4 Bedrooms | 51 | 53 | +3.9% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Charles Town 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 remained the same, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 29 | +20.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Charles Town in May 2024, up by 20.8% month-over-month. Of the 29 sold homes, 31% were sold under asking, 28% were sold at asking, and 41% were sold over asking.
Days on Market for Charles Town, WV
How long does it take to sell a home in Charles Town, WV?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 18 Days | -31.1% |
Summary: Homes in Charles Town had an average of 18 days on market in May 2024, down by 31.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in Charles Town; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.