$65,000
2.20 Acres
Land
Corey Scott Spring, Listing Office: Mountain Home Real Estate, 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 October 2023
At the same time last year, Berkeley Springs was a Seller's Market.
Key Takeaway
Berkeley Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Berkeley Springs, WV
How much do homes in Berkeley Springs, WV cost?
Median Sold Price
$291,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$16,500(-5.4%)
Key Takeaway
Homes in Berkeley Springs have sold for 5.4% less than they did a year ago.
Summary: The median home sold price in Berkeley Springs was $291,000 in October 2024, down 5.4% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.6K | $237.5K | +131.5% |
| 2 Bedrooms | $252.5K | $225K | -10.9% |
| 3 Bedrooms | $305K | $300K | -1.6% |
| 4 Bedrooms | $327.5K | $367.4K | +12.2% |
| 5+ Bedrooms | $380K | $310K | -18.4% |
Summary: Berkeley Springs housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 131.5%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 18.4%.
Median Sold Price Compared To Nearby Cities
| Gainesboro | $389.9K | $425K | +9.0% |
| Valley | $294.5K | $315.2K | +7.0% |
| Berkeley Springs | $307.5K | $291K | -5.4% |
Housing Supply in Berkeley Springs, WV
How many homes are available in Berkeley Springs, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 93 | +6.9% |
Summary: The Berkeley Springs real estate market had 93 homes for sale in October 2024, a 6.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 51 | 51 | 0.0% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Berkeley Springs housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 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. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Berkeley Springs in October 2024, down by 26.3% month-over-month. Of the 14 sold homes, 57% were sold under asking, 7% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 35 Days | +0.9% |
Summary: Homes in Berkeley Springs had an average of 35 days on market in Oct 2024, up by 0.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Berkeley Springs are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Berkeley Springs; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
