Is Inwood, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Inwood is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Inwood has remained a Seller's Market.

Key Takeaway

Inwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Inwood, WV

How much do homes in Inwood, WV cost?

Median Sold Price

$319,470

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$14,470(+4.7%)

Key Takeaway

Homes in Inwood have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Inwood was $319,470 in September 2024, up 4.7% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $174.7K-
N/A
2 $185K$207.5K
+12.2%
3 $295K$307.6K
+4.3%
4 $350.9K$360.5K
+2.7%
5+ $407.7K$411.6K
+1.0%

Summary: Inwood housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Cities

Gerrardstown
+44.4%
Kearneysville
+8.1%
Inwood
+4.7%
Shenandoah
+3.3%
Bunker Hill
-4.8%

Housing Supply in Inwood, WV

How many homes are available in Inwood, WV?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7269-4.2%

Summary: The Inwood real estate market had 69 homes for sale in September 2024, a 4.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 25
+150.0%
3 4339
-9.3%
4 2220
-9.1%
5+ 55
0.0%

Summary: The Inwood housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2015-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Inwood, expect to pay close to the asking price. 53.3% of homes here sold near the asking price last month.

Summary: A total of 15 homes were sold or pending in Inwood in September 2024, down by 25.0% month-over-month. Of the 15 sold homes, 13% were sold under asking, 53% were sold at asking, and 33% were sold over asking.

Days on Market for Inwood, WV

How long does it take to sell a home in Inwood, WV?

Average Sale Time

Sep 2023Sep 2024CHANGE
7 Days37 Days+380.1%

Summary: Homes in Inwood had an average of 37 days on market in Sep 2024, up by 380.1% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Inwood are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 15 homes were sold in Inwood; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

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