$4,275 Closing Credit*
$360,000
2,100 SqFt
3 Beds
•2 Full Baths
Jacklynn Morrison, Listing Office: ERA Liberty Realty
Is Gerrardstown, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Gerrardstown was a Neutral Market.
Key Takeaway
Gerrardstown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gerrardstown, WV
How much do homes in Gerrardstown, WV cost?
Median Sold Price
$388,750
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$118,750(+44.0%)
Key Takeaway
Homes in Gerrardstown have sold for 44% more than they did a year ago.
Summary: The median home sold price in Gerrardstown was $388,750 in August 2024, up 44% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $201.5K | $233.5K | +15.8% |
| 3 Bedrooms | $273.2K | $324.6K | +18.8% |
| 4 Bedrooms | $420K | $435.5K | +3.7% |
| 5+ Bedrooms | $600K | $524K | -12.7% |
Summary: Gerrardstown housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 12.7%.
Median Sold Price Compared To Nearby Cities
| Gerrardstown | $270K | $388.7K | +44.0% |
| Inwood | $299.9K | $319.7K | +6.6% |
| Shenandoah | $300K | $313.7K | +4.6% |
| Valley | $292K | $303K | +3.8% |
| Bunker Hill | $315K | $298.9K | -5.1% |
Housing Supply in Gerrardstown, WV
How many homes are available in Gerrardstown, WV?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Summary: The Gerrardstown real estate market had 24 homes for sale in August 2024, a 20.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Gerrardstown housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gerrardstown, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Gerrardstown in August 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Gerrardstown, WV
How long does it take to sell a home in Gerrardstown, WV?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 8 Days | 50 Days | +496.1% |
Summary: Homes in Gerrardstown had an average of 50 days on market in Aug 2024, up by 496.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Gerrardstown are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 3 homes were sold in Gerrardstown; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
