Is Hedgesville, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Hedgesville was a Seller's Market.
Key Takeaway
Hedgesville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hedgesville, WV
How much do homes in Hedgesville, WV cost?
Median Sold Price
$271,165
$205/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Hedgesville have sold for 16.6% less than they did a month ago.
Summary: The median home sold price in Hedgesville was $271,165 in May 2024, down 16.6% from last month, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $329K | $231K | -29.8% |
| 3 Bedrooms | $321K | $257.3K | -19.8% |
| 4 Bedrooms | $362.7K | $458.7K | +26.5% |
| 5+ Bedrooms | $335K | - | N/A |
Summary: Hedgesville housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.8%, 3 bedroom homes decreased by 19.8%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes did not change.
Housing Supply in Hedgesville, WV
How many homes are available in Hedgesville, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 126 | 140 | +11.1% |
Summary: The Hedgesville real estate market had 140 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 18 | 23 | +27.8% |
| 3 Bedrooms | 79 | 82 | +3.8% |
| 4 Bedrooms | 20 | 25 | +25.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Hedgesville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 18 | -43.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hedgesville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Hedgesville in May 2024, down by 43.8% month-over-month. Of the 18 sold homes, 50% were sold under asking, 39% were sold at asking, and 11% were sold over asking.
Days on Market for Hedgesville, WV
How long does it take to sell a home in Hedgesville, WV?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 17 Days | -44.2% |
Summary: Homes in Hedgesville had an average of 17 days on market in May 2024, down by 44.2% compared to last month.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hedgesville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Hedgesville; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
