$4,988 Closing Credit*
$420,000
2,525 SqFt
4 Beds
•2 Full Baths, 1 Partial
Tracey B. Scott, Listing Office: Path Realty
Is Gerrardstown, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$299,000
$176/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$24,325(-7.5%)
Key Takeaway
Homes in Gerrardstown have sold for 7.5% less than they did a month ago.
Summary: The median home sold price in Gerrardstown was $299,000 in November 2024, down 7.5% from last month, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | - | N/A |
| 2 Bedrooms | - | $200K | N/A |
| 3 Bedrooms | $215.4K | $344.9K | +60.1% |
| 4 Bedrooms | $459K | $442.5K | -3.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Gerrardstown housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 60.1%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes did not change.
Housing Supply in Gerrardstown, WV
How many homes are available in Gerrardstown, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 21 | -25.0% |
Summary: The Gerrardstown real estate market had 21 homes for sale in November 2024, a 25.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 10 | 5 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Gerrardstown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gerrardstown, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Gerrardstown in November 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 25 Days | -38.6% |
Summary: Homes in Gerrardstown had an average of 25 days on market in Nov 2024, down by 38.6% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gerrardstown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Gerrardstown; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
