$6,294 Closing Credit*
$530,000
3,088 SqFt
3 Beds
•2 Full Baths
Jay Day, Listing Office: LPT Realty, LLC
Is Gerrardstown, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Gerrardstown has remained a Seller's Market.
Key Takeaway
Gerrardstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gerrardstown, WV
How much do homes in Gerrardstown, WV cost?
Median Sold Price
$425,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$146,750(+52.7%)
Key Takeaway
Homes in Gerrardstown have sold for 52.7% more than they did a year ago.
Summary: The median home sold price in Gerrardstown was $425,000 in October 2024, up 52.7% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $154K | N/A |
| 2 Bedrooms | $232.5K | $179K | -23.0% |
| 3 Bedrooms | $270K | $300K | +11.1% |
| 4 Bedrooms | $420K | $442K | +5.2% |
| 5+ Bedrooms | $570K | $524K | -8.1% |
Summary: Gerrardstown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Gerrardstown | $278.2K | $425K | +52.7% |
| Valley | $294.5K | $315.2K | +7.0% |
| Inwood | $305K | $319.7K | +4.8% |
| Shenandoah | $305K | $315K | +3.3% |
| Bunker Hill | $315K | $299.9K | -4.8% |
Housing Supply in Gerrardstown, WV
How many homes are available in Gerrardstown, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Summary: The Gerrardstown real estate market had 29 homes for sale in October 2024, a 3.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Gerrardstown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gerrardstown, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Gerrardstown in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Gerrardstown, WV
How long does it take to sell a home in Gerrardstown, WV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 41 Days | +167.4% |
Summary: Homes in Gerrardstown had an average of 41 days on market in Oct 2024, up by 167.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Gerrardstown are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Gerrardstown; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
