Is Berkeley County, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berkeley County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Berkeley County has remained a Seller's Market.

Key Takeaway

Berkeley County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Berkeley County, WV cost?

Median Sold Price

$270,196

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$28,675(+11.9%)

Key Takeaway

Homes in Berkeley County have sold for 11.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $130.7K$160K
+22.4%
2 $165K$189.9K
+15.1%
3 $229.6K$256.8K
+11.8%
4 $315.5K$339.9K
+7.7%
5+ $356K$410K
+15.2%

Median Sold Price Compared To Nearby Counties

Berkeley County
+11.9%
Washington County
+8.1%
Morgan County
+7.0%
Clarke County
+6.3%
Jefferson County
+6.0%

How many homes are available in Berkeley County, WV?

Number of Homes For Sale

Sep 2022Oct 2022%
678650-4.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 56
+20.0%
2 6055
-8.3%
3 391371
-5.1%
4 186173
-7.0%
5+ 3645
+25.0%

Number of Homes Sold

Sep 2022Oct 2022%
176165-6.3%

Asking Price vs. Sold Price

69 Homes Were Sold
Under Asking

49 Homes Were Sold
At Asking

47 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berkeley County, you may be able to get a good deal. 41.8% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
15 Days24 Days+62.0%

Breakdown of Home Sale Times

121 Homes Were Sold
Under 30 Days

36 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Berkeley County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Berkeley County, WV

Berkeley County, WV has 650 homes for sale to choose from. The inventory of homes for sale in Berkeley County, WV between September 2022 and October 2022 decreased by 4.1%. While the average time on the market in October 2022 was 24 days, the median list price was $270,196. This housing market listing prices have changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 22.4%, the cost of 2 bedrooms properties went up by 15.1%, prices of 3 bedrooms properties increased by 11.8%, prices of 4 bedrooms properties went up by 7.7%, 5 bedrooms properties prices increased by 15.2%. This housing market inventory have changed: 1 bedroom homes inventory increased by 20%, volume of 2 bedrooms homes went down by 8.3%, 3 bedrooms homes became 5.1% less available, number of 4 bedrooms homes decreased by 7%, the quantity of 5 bedrooms homes went up by 25%. In October 2022 more than 47 listings in Berkeley County, WV were sold above the asking price. During the same period more than 49 listings were sold at asking price, while more than 69 were sold below.

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