$2,850 Closing Credit*
$240,000
1,056 SqFt
2 Beds
•2 Full Baths
Corey Scott Spring, Listing Office: Mountain Home Real Estate, LLC
Is Hedgesville, 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, 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
$310,500
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,500(+3.5%)
Key Takeaway
Homes in Hedgesville have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Hedgesville was $310,500 in November 2024, up 3.5% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152K | $211.2K | +39.0% |
| 2 Bedrooms | $245K | $257.5K | +5.1% |
| 3 Bedrooms | $296.4K | $305K | +2.9% |
| 4 Bedrooms | $350K | $394.8K | +12.8% |
| 5+ Bedrooms | $417.7K | $430K | +2.9% |
Summary: Hedgesville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in Hedgesville, WV
How many homes are available in Hedgesville, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 133 | 127 | -4.5% |
Summary: The Hedgesville real estate market had 127 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 82 | 79 | -3.7% |
| 4 Bedrooms | 25 | 23 | -8.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Hedgesville 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 5%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 28 | -20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hedgesville, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 28 homes were sold or pending in Hedgesville in November 2024, down by 20.0% month-over-month. Of the 28 sold homes, 32% were sold under asking, 43% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 33 Days | +4.6% |
Summary: Homes in Hedgesville had an average of 33 days on market in Nov 2024, up by 4.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hedgesville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in Hedgesville; 57% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
