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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berkeley Springs is a neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Berkeley Springs 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 Springs, WV

How much do homes in Berkeley Springs, WV cost?

Median Sold Price

$293,500

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$5,950(-2.0%)

Key Takeaway

Homes in Berkeley Springs have sold for 2% less than they did a year ago.

Summary: The median home sold price in Berkeley Springs was $293,500 in September 2024, down 2% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $115K$225K
+95.6%
2 $240K$225K
-6.3%
3 $300K$299.9K
0%
4 $327.5K$360K
+9.9%
5+ $410K$310K
-24.4%

Summary: Berkeley Springs housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 95.6%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 24.4%.

Median Sold Price Compared To Nearby Cities

Gainesboro
+9.3%
Valley
+6.3%
Berkeley Springs
-2.0%
Great Cacapon
-27.7%

Housing Supply in Berkeley Springs, WV

How many homes are available in Berkeley Springs, WV?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
9291-1.1%

Summary: The Berkeley Springs real estate market had 91 homes for sale in September 2024, a 1.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 32
-33.3%
2 1214
+16.7%
3 5856
-3.4%
4 1513
-13.3%
5+ 46
+50.0%

Summary: The Berkeley Springs housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2014-30.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berkeley Springs, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Berkeley Springs in September 2024, down by 30.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Berkeley Springs, WV

How long does it take to sell a home in Berkeley Springs, WV?

Average Sale Time

Sep 2023Sep 2024CHANGE
24 Days33 Days+39.8%

Summary: Homes in Berkeley Springs had an average of 33 days on market in Sep 2024, up by 39.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 14 homes were sold in Berkeley Springs; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% 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 30 Days Ago

Newest Listings in Berkeley Springs, WV

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