Is Charles Town, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Charles Town was a Seller's Market.
Key Takeaway
Charles Town is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Charles Town, WV
How much do homes in Charles Town, WV cost?
Median Sold Price
$383,084
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Charles Town have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Charles Town was $383,084 in March 2024, up 5.4% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $725K | N/A |
| 2 Bedrooms | $168.9K | $230K | +36.1% |
| 3 Bedrooms | $301.2K | $319.9K | +6.2% |
| 4 Bedrooms | $415K | $459.9K | +10.8% |
| 5+ Bedrooms | $445K | $494.9K | +11.2% |
Summary: Charles Town housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 11.2%.
Housing Supply in Charles Town, WV
How many homes are available in Charles Town, WV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 117 | 123 | +5.1% |
Summary: The Charles Town real estate market had 123 homes for sale in March 2024, a 5.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 44 | 47 | +6.8% |
| 4 Bedrooms | 53 | 55 | +3.8% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Charles Town housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charles Town, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Charles Town in March 2024, down by 26.1% month-over-month. Of the 17 sold homes, 41% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Charles Town, WV
How long does it take to sell a home in Charles Town, WV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 51 Days | -20.0% |
Summary: Homes in Charles Town had an average of 51 days on market in Mar 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Charles Town are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Charles Town; 53% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
