$3,681 Closing Credit*
$310,000
1,575 SqFt
3 Beds
•2 Full Baths
Curtis W Siever, Listing Office: NextHome Realty Select
Is Martinsburg, 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, Martinsburg has remained a Seller's Market.
Key Takeaway
Martinsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Martinsburg, WV
How much do homes in Martinsburg, WV cost?
Median Sold Price
$300,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,999(+6.8%)
Key Takeaway
Homes in Martinsburg have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Martinsburg was $300,000 in November 2024, up 6.8% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $159.9K | +14.2% |
| 2 Bedrooms | $180K | $205.9K | +14.4% |
| 3 Bedrooms | $260.2K | $279.9K | +7.6% |
| 4 Bedrooms | $334.9K | $353.7K | +5.6% |
| 5+ Bedrooms | $380K | $425.7K | +12.1% |
Summary: Martinsburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Cities
| Adam Stephens | $212.2K | $236.9K | +11.6% |
| Norborne | $325K | $359.7K | +10.7% |
| Tuscarora | $292.4K | $314K | +7.4% |
| Potomac | $280K | $299.9K | +7.1% |
| Martinsburg | $281K | $300K | +6.8% |
Housing Supply in Martinsburg, WV
How many homes are available in Martinsburg, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 334 | 319 | -4.5% |
Summary: The Martinsburg real estate market had 319 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 24 | +26.3% |
| 3 Bedrooms | 200 | 193 | -3.5% |
| 4 Bedrooms | 97 | 85 | -12.4% |
| 5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The Martinsburg 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 increased by 26.3%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 77 | -19.8% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Martinsburg, expect to pay close to the asking price. 41.6% of homes here sold near the asking price last month.
Summary: A total of 77 homes were sold or pending in Martinsburg in November 2024, down by 19.8% month-over-month. Of the 77 sold homes, 39% were sold under asking, 42% were sold at asking, and 19% were sold over asking.
Days on Market for Martinsburg, WV
How long does it take to sell a home in Martinsburg, WV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 26 Days | -13.0% |
Summary: Homes in Martinsburg had an average of 26 days on market in Nov 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Martinsburg are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 77 homes were sold in Martinsburg; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
