$5,581 Closing Credit*
$470,000
1,624 SqFt
3 Beds
•2 Full Baths
Matthew H Deaner, Listing Office: Touchstone Realty, LLC
Is Hedgesville, 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, Hedgesville has remained a Seller's Market.
Key Takeaway
Hedgesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hedgesville, WV
How much do homes in Hedgesville, WV cost?
Median Sold Price
$315,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,050(+7.2%)
Key Takeaway
Homes in Hedgesville have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Hedgesville was $315,000 in October 2024, up 7.2% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152K | $211.2K | +39.0% |
| 2 Bedrooms | $242.5K | $259.7K | +7.1% |
| 3 Bedrooms | $287.9K | $305K | +5.9% |
| 4 Bedrooms | $330K | $390.7K | +18.4% |
| 5+ Bedrooms | $415K | $500K | +20.5% |
Summary: Hedgesville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 20.5%.
Housing Supply in Hedgesville, WV
How many homes are available in Hedgesville, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 116 | 136 | +17.2% |
Summary: The Hedgesville real estate market had 136 homes for sale in October 2024, a 17.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 22 | +57.1% |
| 3 Bedrooms | 68 | 83 | +22.1% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Hedgesville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 22.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 24 | -20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hedgesville, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Hedgesville in October 2024, down by 20.0% month-over-month. Of the 24 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Hedgesville, WV
How long does it take to sell a home in Hedgesville, WV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 32 Days | +0.5% |
Summary: Homes in Hedgesville had an average of 32 days on market in Oct 2024, up by 0.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hedgesville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Hedgesville; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
