Is Bunker Hill, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bunker Hill is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Bunker Hill has remained a Buyer's Market.

Key Takeaway

Bunker Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bunker Hill, WV

How much do homes in Bunker Hill, WV cost?

Median Sold Price

$315,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$34,449(+12.3%)

Key Takeaway

Homes in Bunker Hill have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in Bunker Hill was $315,000 in February 2024, up 12.3% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $160K-
N/A
2 $209.9K$250K
+19.1%
3 $248K$285K
+14.9%
4 $345K$357.4K
+3.6%
5+ $375K$340K
-9.3%

Summary: Bunker Hill housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 9.3%.

Median Sold Price Compared To Nearby Cities

Bunker Hill
+12.3%
Shenandoah
+7.4%
Inwood
+5.3%
Middleway
+2.6%
Kearneysville
+2.5%

Housing Supply in Bunker Hill, WV

How many homes are available in Bunker Hill, WV?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4142+2.4%

Summary: The Bunker Hill real estate market had 42 homes for sale in February 2024, a 2.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 2224
+9.1%
4 1311
-15.4%
5+ 44
0.0%

Summary: The Bunker Hill housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bunker Hill, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Bunker Hill in February 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.

Days on Market for Bunker Hill, WV

How long does it take to sell a home in Bunker Hill, WV?

Average Sale Time

Feb 2023Feb 2024CHANGE
38 Days16 Days-58.3%

Summary: Homes in Bunker Hill had an average of 16 days on market in Feb 2024, down by 58.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 5 homes were sold in Bunker Hill; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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

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