$4,631 Closing Credit*
$390,000
1,556 SqFt
3 Beds
•2 Full Baths
Mercedes M Prohaska, Listing Office: Coldwell Banker Premier
Is Shepherdstown, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Shepherdstown was a Seller's Market.
Key Takeaway
Shepherdstown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Shepherdstown, WV
How much do homes in Shepherdstown, WV cost?
Median Sold Price
$550,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$95,000(+20.9%)
Key Takeaway
Homes in Shepherdstown have sold for 20.9% more than they did a year ago.
Summary: The median home sold price in Shepherdstown was $550,000 in October 2024, up 20.9% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.5K | $270K | +21.3% |
| 2 Bedrooms | $300K | $476K | +58.7% |
| 3 Bedrooms | $370K | $470K | +27.0% |
| 4 Bedrooms | $485K | $599.9K | +23.7% |
| 5+ Bedrooms | $680K | $749.8K | +10.3% |
Summary: Shepherdstown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.3%, 2 bedroom homes increased by 58.7%, 3 bedroom homes increased by 27%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 10.3%.
Housing Supply in Shepherdstown, WV
How many homes are available in Shepherdstown, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 47 | +14.6% |
Summary: The Shepherdstown real estate market had 47 homes for sale in October 2024, a 14.6% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 21 | 23 | +9.5% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Shepherdstown 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 remained the same, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shepherdstown, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Shepherdstown in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Shepherdstown, WV
How long does it take to sell a home in Shepherdstown, WV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 20 Days | -40.6% |
Summary: Homes in Shepherdstown had an average of 20 days on market in Oct 2024, down by 40.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shepherdstown are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Shepherdstown; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
