$2,969 Closing Credit*
$250,000
1,040 SqFt
3 Beds
•2 Full Baths
Teresa L. White-Curtis, Listing Office: Perry Realty, LLC
Is Berkeley Springs, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $225K | +95.6% |
| 2 Bedrooms | $240K | $225K | -6.3% |
| 3 Bedrooms | $300K | $299.9K | 0% |
| 4 Bedrooms | $327.5K | $360K | +9.9% |
| 5+ Bedrooms | $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 | $389K | $425K | +9.3% |
| Valley | $291.7K | $310K | +6.3% |
| Berkeley Springs | $299.4K | $293.5K | -2.0% |
| Great Cacapon | $325K | $235K | -27.7% |
Housing Supply in Berkeley Springs, WV
How many homes are available in Berkeley Springs, WV?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 92 | 91 | -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
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 58 | 56 | -3.4% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 4 | 6 | +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 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -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
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 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 24 Days | 33 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
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.
