$2,767 Closing Credit*
$233,000
2,480 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kimberly Anne Schroeder, Listing Office: Long & Foster Real Estate, Inc.
Is Martinsburg, 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, 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 October 2023
+$21,913(+7.9%)
Key Takeaway
Homes in Martinsburg have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Martinsburg was $300,000 in October 2024, up 7.9% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $159.9K | +14.2% |
| 2 Bedrooms | $178.5K | $209.9K | +17.6% |
| 3 Bedrooms | $258.9K | $279.9K | +8.1% |
| 4 Bedrooms | $335K | $354.9K | +6.0% |
| 5+ Bedrooms | $379.9K | $437.5K | +15.1% |
Summary: Martinsburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Cities
| Adam Stephens | $212.5K | $235K | +10.6% |
| Tuscarora | $285K | $313.5K | +10.0% |
| Norborne | $325K | $355.5K | +9.4% |
| Potomac | $275K | $299.9K | +9.1% |
| Martinsburg | $278K | $300K | +7.9% |
Housing Supply in Martinsburg, WV
How many homes are available in Martinsburg, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 322 | 343 | +6.5% |
Summary: The Martinsburg real estate market had 343 homes for sale in October 2024, a 6.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 25 | 21 | -16.0% |
| 3 Bedrooms | 187 | 205 | +9.6% |
| 4 Bedrooms | 93 | 96 | +3.2% |
| 5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The Martinsburg 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 decreased by 16%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 82 | +2.5% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Martinsburg, you may be able to get a good deal. 39% of homes here sold below asking price last month.
Summary: A total of 82 homes were sold or pending in Martinsburg in October 2024, up by 2.5% month-over-month. Of the 82 sold homes, 39% were sold under asking, 39% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 28 Days | +60.0% |
Summary: Homes in Martinsburg had an average of 28 days on market in Oct 2024, up by 60% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 82 homes were sold in Martinsburg; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
