Is Berkeley Springs, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
At the same time last year, Berkeley Springs was a Seller's Market.
Key Takeaway
Berkeley Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in Berkeley Springs, WV cost?
Median Sold Price
$259,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
Key Takeaway
Homes in Berkeley Springs have sold for 3.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $165K | $129K | -21.8% |
| 2 Bedrooms | $197.4K | $212.5K | +7.6% |
| 3 Bedrooms | $262.5K | $268.7K | +2.4% |
| 4 Bedrooms | $287.5K | $331.5K | +15.3% |
| 5+ Bedrooms | $379.9K | $500.9K | +31.9% |
Median Sold Price Compared To Nearby Cities
| Great Cacapon | $220K | $325K | +47.7% |
| Bath (Berkeley Springs) | $145K | $175K | +20.7% |
| Valley | $253.3K | $280.5K | +10.7% |
| Gainesboro | $362.4K | $377.4K | +4.1% |
| Berkeley Springs | $250K | $259K | +3.6% |
How many homes are available in Berkeley Springs, WV?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 80 | 78 | -2.5% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 51 | 49 | -3.9% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berkeley Springs, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 53 Days | 87 Days | +64.6% |
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Berkeley Springs are selling fast, if you're buying plan to act quickly.
