Is Adam Stephens, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Adam Stephens is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Adam Stephens has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Adam Stephens, WV

How much do homes in Adam Stephens, WV cost?

Median Sold Price

$236,940

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,690(+11.6%)

Key Takeaway

Homes in Adam Stephens have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in Adam Stephens was $236,940 in November 2024, up 11.6% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $131K$132.7K
+1.3%
2 $165K$187.5K
+13.6%
3 $214.4K$238K
+11.0%
4 $250K$300K
+20.0%
5+ $362.5K$400K
+10.3%

Summary: Adam Stephens housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 10.3%.

Median Sold Price Compared To Nearby Cities

Adam Stephens
+11.6%
Norborne
+10.7%
Tuscarora
+7.4%
Martinsburg
+6.8%
Valley
+5.0%

Housing Supply in Adam Stephens, WV

How many homes are available in Adam Stephens, WV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8488+4.8%

Summary: The Adam Stephens real estate market had 88 homes for sale in November 2024, a 4.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1318
+38.5%
3 5756
-1.8%
4 1211
-8.3%
5+ 23
+50.0%

Summary: The Adam Stephens housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 38.5%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2018-10.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Adam Stephens, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

Summary: A total of 18 homes were sold or pending in Adam Stephens in November 2024, down by 10.0% month-over-month. Of the 18 sold homes, 22% were sold under asking, 56% were sold at asking, and 22% were sold over asking.

Days on Market for Adam Stephens, WV

How long does it take to sell a home in Adam Stephens, WV?

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days33 Days+60.7%

Summary: Homes in Adam Stephens had an average of 33 days on market in Nov 2024, up by 60.7% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Adam Stephens are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 18 homes were sold in Adam Stephens; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

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