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 neutral's market

Buyer's
Market

Difference Since February 2023

Since last year, Berkeley County has remained a Neutral Market.

Key Takeaway

Berkeley County 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 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

+$17,500(+6.4%)

Key Takeaway

Homes in Berkeley County have sold for 6.4% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $175K$155K
-11.4%
2 $200K$228.5K
+14.2%
3 $255.3K$275K
+7.7%
4 $351.7K$349.9K
-0.5%
5+ $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
+12.5%
Morgan County
+7.6%
Berkeley County
+6.4%
Jefferson County
+3.3%

Housing Supply in Berkeley County, WV

How many homes are available in Berkeley County, WV?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
857826-3.6%

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

# BEDSJan 2024Feb 2024CHANGE
1 35
+66.7%
2 7372
-1.4%
3 518488
-5.8%
4 200200
0.0%
5+ 6361
-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 2024Feb 2024CHANGE
129119-7.8%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

53 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berkeley County, expect to pay close to the asking price. 44.5% of homes here sold near the asking price last month.

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 2023Feb 2024CHANGE
55 Days40 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

Newest Listings in Berkeley County, WV

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