$2,375 Closing Credit*
$200,000
2,378 SqFt
4 Beds
•3 Full Baths
June Skeen, Listing Office: Better Homes and Gardens Real Estate Central
Is Charleston, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Charleston has remained a Seller's Market.
Key Takeaway
Charleston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Charleston, WV
How much do homes in Charleston, WV cost?
Median Sold Price
$204,940
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,690(+13.1%)
Key Takeaway
Homes in Charleston have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Charleston was $204,940 in November 2024, up 13.1% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89K | $114K | +28.1% |
| 2 Bedrooms | $111K | $116.2K | +4.7% |
| 3 Bedrooms | $166.5K | $190.6K | +14.4% |
| 4 Bedrooms | $266K | $265K | -0.4% |
| 5+ Bedrooms | $385.6K | $395K | +2.4% |
Summary: Charleston housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.1%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| South Charleston | $160K | $185K | +15.6% |
| Charleston | $181.2K | $204.9K | +13.1% |
Housing Supply in Charleston, WV
How many homes are available in Charleston, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 309 | 284 | -8.1% |
Summary: The Charleston real estate market had 284 homes for sale in November 2024, a 8.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 12 | 0.0% |
| 2 Bedrooms | 52 | 41 | -21.2% |
| 3 Bedrooms | 148 | 143 | -3.4% |
| 4 Bedrooms | 68 | 57 | -16.2% |
| 5+ Bedrooms | 29 | 31 | +6.9% |
Summary: The Charleston 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 decreased by 21.2%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 55 | -8.3% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charleston, you may be able to get a good deal. 58.2% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Charleston in November 2024, down by 8.3% month-over-month. Of the 55 sold homes, 58% were sold under asking, 24% were sold at asking, and 18% were sold over asking.
Days on Market for Charleston, WV
How long does it take to sell a home in Charleston, WV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 27 Days | -23.7% |
Summary: Homes in Charleston had an average of 27 days on market in Nov 2024, down by 23.7% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Charleston are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 55 homes were sold in Charleston; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
