Is Berkeley County, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Berkeley County has remained a Neutral Market.
Housing Prices in Berkeley County, WV
How much do homes in Berkeley County, WV cost?
Median Sold Price
$291,200
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Berkeley County was $291,200 in February 2024, up 6.4% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $155K | -11.4% |
2 Bedrooms | $200K | $228.5K | +14.2% |
3 Bedrooms | $255.3K | $275K | +7.7% |
4 Bedrooms | $351.7K | $349.9K | -0.5% |
5+ Bedrooms | $400K | $415K | +3.8% |
Summary: Berkeley County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.4%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Counties
Washington County | $275K | $309.4K | +12.5% |
Morgan County | $266.3K | $286.5K | +7.6% |
Berkeley County | $273.7K | $291.2K | +6.4% |
Jefferson County | $354.9K | $366.8K | +3.3% |
Housing Supply in Berkeley County, WV
How many homes are available in Berkeley County, WV?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
857 | 826 | -3.6% |
Summary: The Berkeley County real estate market had 826 homes for sale in February 2024, a 3.6% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 73 | 72 | -1.4% |
3 Bedrooms | 518 | 488 | -5.8% |
4 Bedrooms | 200 | 200 | 0.0% |
5+ Bedrooms | 63 | 61 | -3.2% |
Summary: The Berkeley County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 3.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
129 | 119 | -7.8% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
53 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 119 homes were sold or pending in Berkeley County in February 2024, down by 7.8% month-over-month. Of the 119 sold homes, 35% were sold under asking, 45% were sold at asking, and 20% were sold over asking.
Days on Market for Berkeley County, WV
How long does it take to sell a home in Berkeley County, WV?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
55 Days | 40 Days | -26.3% |
Summary: Homes in Berkeley County had an average of 40 days on market in Feb 2024, down by 26.3% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During February 2024, 119 homes were sold in Berkeley County; 55% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.