$4,274 Closing Credit*
$359,900
1,890 SqFt
3 Beds
•2 Full Baths
Jordan Brady Butts, Listing Office: Burch Real Estate Group, LLC
Is Berkeley Springs, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Berkeley Springs was a Seller's Market.
Key Takeaway
Berkeley Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Berkeley Springs, WV
How much do homes in Berkeley Springs, WV cost?
Median Sold Price
$290,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$20,000(-6.5%)
Key Takeaway
Homes in Berkeley Springs have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Berkeley Springs was $290,000 in November 2024, down 6.5% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.6K | $250K | +143.6% |
| 2 Bedrooms | $232.4K | $230K | -1.1% |
| 3 Bedrooms | $312.5K | $300K | -4.0% |
| 4 Bedrooms | $335K | $355K | +6.0% |
| 5+ Bedrooms | $360K | $345K | -4.2% |
Summary: Berkeley Springs housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 143.6%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Gainesboro | $395.7K | $420K | +6.1% |
| Valley | $300K | $315K | +5.0% |
| Berkeley Springs | $310K | $290K | -6.5% |
Housing Supply in Berkeley Springs, WV
How many homes are available in Berkeley Springs, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 90 | 95 | +5.6% |
Summary: The Berkeley Springs real estate market had 95 homes for sale in November 2024, a 5.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 15 | 10 | -33.3% |
| 3 Bedrooms | 48 | 56 | +16.7% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Berkeley Springs housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berkeley Springs, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Berkeley Springs in November 2024, down by 14.3% month-over-month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.
Days on Market for Berkeley Springs, WV
How long does it take to sell a home in Berkeley Springs, WV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 31 Days | +33.7% |
Summary: Homes in Berkeley Springs had an average of 31 days on market in Nov 2024, up by 33.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Berkeley Springs are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Berkeley Springs; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
