Is Adam Stephens, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Adam Stephens has remained a Seller's Market.
Key Takeaway
Adam Stephens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Adam Stephens, WV
How much do homes in Adam Stephens, WV cost?
Median Sold Price
$222,250
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Adam Stephens have sold for 14% more than they did a year ago.
Summary: The median home sold price in Adam Stephens was $222,250 in April 2024, up 14% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153K | $105.5K | -31.0% |
| 2 Bedrooms | $157.5K | $170K | +7.9% |
| 3 Bedrooms | $195K | $222K | +13.8% |
| 4 Bedrooms | $285K | $260K | -8.8% |
| 5+ Bedrooms | $400K | $350K | -12.5% |
Summary: Adam Stephens housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Adam Stephens | $195K | $222.2K | +14.0% |
| Martinsburg | $255K | $285K | +11.8% |
| Tuscarora | $274.5K | $306.6K | +11.7% |
| Valley | $279K | $299.9K | +7.5% |
| Norborne | $325K | $335K | +3.1% |
Housing Supply in Adam Stephens, WV
How many homes are available in Adam Stephens, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 64 | +3.2% |
Summary: The Adam Stephens real estate market had 64 homes for sale in April 2024, a 3.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 42 | 44 | +4.8% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Adam Stephens housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Adam Stephens, expect to pay close to the asking price. 58.8% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Adam Stephens in April 2024, down by 15.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 59% were sold at asking, and 12% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 25 Days | +9.1% |
Summary: Homes in Adam Stephens had an average of 25 days on market in Apr 2024, up by 9.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Adam Stephens are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Adam Stephens; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
