Is Adam Stephens, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Adam Stephens was a Seller's Market.
Key Takeaway
Adam Stephens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Adam Stephens, WV
How much do homes in Adam Stephens, WV cost?
Median Sold Price
$212,500
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Adam Stephens have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Adam Stephens was $212,500 in November 2023, up 9.5% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177.5K | $131K | -26.2% |
| 2 Bedrooms | $153K | $165K | +7.8% |
| 3 Bedrooms | $199.9K | $214.7K | +7.4% |
| 4 Bedrooms | $285K | $250K | -12.3% |
| 5+ Bedrooms | $370K | $362.5K | -2.0% |
Summary: Adam Stephens housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 26.2%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| Martinsburg | $221.5K | $281.3K | +27.0% |
| Valley | $268K | $300K | +11.9% |
| Norborne | $295K | $327.5K | +11.0% |
| Adam Stephens | $194K | $212.5K | +9.5% |
| Tuscarora | $274.7K | $292.7K | +6.6% |
Housing Supply in Adam Stephens, WV
How many homes are available in Adam Stephens, WV?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 91 | 94 | +3.3% |
Summary: The Adam Stephens real estate market had 94 homes for sale in November 2023, a 3.3% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 59 | 63 | +6.8% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Adam Stephens housing inventory by bedroom type for November 2023 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 6.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Adam Stephens, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Adam Stephens in November 2023, down by 33.3% month-over-month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% were sold over asking.
Days on Market for Adam Stephens, WV
How long does it take to sell a home in Adam Stephens, WV?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 28 Days | 22 Days | -21.4% |
Summary: Homes in Adam Stephens had an average of 22 days on market in Nov 2023, down by 21.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Adam Stephens are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 10 homes were sold in Adam Stephens; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
