Is Martinsburg, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Martinsburg is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Martinsburg was a Buyer's Market.

Key Takeaway

Martinsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Martinsburg, PA

How much do homes in Martinsburg, PA cost?

Median Sold Price

$150,000

$83/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$178,500(-54.3%)

Key Takeaway

Homes in Martinsburg have sold for 54.3% less than they did a month ago.

Summary: The median home sold price in Martinsburg was $150,000 in December 2024, down 54.3% from last month, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$350K
N/A
3 -$150K
N/A
4 $348K-
N/A
5+ $309K-
N/A

Summary: Martinsburg housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

North Woodbury Township
+0.6%
Martinsburg
-54.3%

Housing Supply in Martinsburg, PA

How many homes are available in Martinsburg, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1815-16.7%

Summary: The Martinsburg real estate market had 15 homes for sale in December 2024, a 16.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 910
+11.1%
4 43
-25.0%
5+ 20
-100.0%

Summary: The Martinsburg housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Martinsburg, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Martinsburg in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Martinsburg, PA

How long does it take to sell a home in Martinsburg, PA?

Average Sale Time

Nov 2024Dec 2024CHANGE
102 Days82 Days-19.3%

Summary: Homes in Martinsburg had an average of 82 days on market in Dec 2024, down by 19.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Martinsburg has remained consistent over time.

Summary: During December 2024, 3 homes were sold in Martinsburg; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

Newest Listings in Martinsburg, PA

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