Is Charleston, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Charleston has remained a Seller's Market.
Housing Prices in Charleston, WV
How much do homes in Charleston, WV cost?
Median Sold Price
$190,557
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Charleston was $190,557 in March 2024, up 8.9% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89.9K | $97.2K | +8.2% |
2 Bedrooms | $96.4K | $114.5K | +18.7% |
3 Bedrooms | $162.7K | $178K | +9.4% |
4 Bedrooms | $267.2K | $269K | +0.7% |
5+ Bedrooms | $415K | $397.5K | -4.2% |
Summary: Charleston housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
Charleston | $175K | $190.5K | +8.9% |
South Charleston | $160K | $168.9K | +5.6% |
Housing Supply in Charleston, WV
How many homes are available in Charleston, WV?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
235 | 261 | +11.1% |
Summary: The Charleston real estate market had 261 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 9 | -25.0% |
2 Bedrooms | 43 | 45 | +4.7% |
3 Bedrooms | 91 | 103 | +13.2% |
4 Bedrooms | 60 | 68 | +13.3% |
5+ Bedrooms | 29 | 36 | +24.1% |
Summary: The Charleston housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 24.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 47 | 0.0% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Charleston in March 2024, the same as the previous month. Of the 47 sold homes, 66% were sold under asking, 21% were sold at asking, and 13% were sold over asking.
Days on Market for Charleston, WV
How long does it take to sell a home in Charleston, WV?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 41 Days | +6.7% |
Summary: Homes in Charleston had an average of 41 days on market in Mar 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 47 homes were sold in Charleston; 64% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.