Is Charleston, 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, Charleston has remained a Seller's Market.
Key Takeaway
Charleston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Charleston, WV
How much do homes in Charleston, WV cost?
Median Sold Price
$195,333
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Charleston have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Charleston was $195,333 in May 2024, up 13.9% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $103.7K | +22.1% |
| 2 Bedrooms | $95K | $116K | +22.1% |
| 3 Bedrooms | $162.5K | $179.9K | +10.8% |
| 4 Bedrooms | $255K | $268K | +5.1% |
| 5+ Bedrooms | $396K | $397.5K | 0.4% |
Summary: Charleston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.1%, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Charleston | $171.4K | $195.3K | +13.9% |
| South Charleston | $160K | $169.7K | +6.1% |
Housing Supply in Charleston, WV
How many homes are available in Charleston, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 292 | 297 | +1.7% |
Summary: The Charleston real estate market had 297 homes for sale in May 2024, a 1.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 10 | -9.1% |
| 2 Bedrooms | 48 | 54 | +12.5% |
| 3 Bedrooms | 122 | 107 | -12.3% |
| 4 Bedrooms | 76 | 89 | +17.1% |
| 5+ Bedrooms | 35 | 37 | +5.7% |
Summary: The Charleston housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 5.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 90 | +63.6% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charleston, you may be able to get a good deal. 58.9% of homes here sold below asking price last month.
Summary: A total of 90 homes were sold or pending in Charleston in May 2024, up by 63.6% month-over-month. Of the 90 sold homes, 59% were sold under asking, 22% were sold at asking, and 19% were sold over asking.
Days on Market for Charleston, WV
How long does it take to sell a home in Charleston, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 29 Days | -39.7% |
Summary: Homes in Charleston had an average of 29 days on market in May 2024, down by 39.7% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Charleston are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 90 homes were sold in Charleston; 73% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.