Is Gerrardstown, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Gerrardstown was a Seller's 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
$263,750
$166/sqft
Based on all homes sold in November 2023.
Difference Since Last Month
Key Takeaway
Homes in Gerrardstown have sold for 19.4% less than they did a month ago.
Summary: The median home sold price in Gerrardstown was $263,750 in November 2023, down 19.4% from last month, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $332K | - | N/A |
| 3 Bedrooms | $327.1K | $262.5K | -19.7% |
| 4 Bedrooms | $260K | $291.2K | +12.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Gerrardstown housing prices by bedroom type for November 2023 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 19.7%, 4 bedroom homes increased by 12%, and 5+ bedroom homes did not change.
Housing Supply in Gerrardstown, WV
How many homes are available in Gerrardstown, WV?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 30 | 29 | -3.3% |
Summary: The Gerrardstown real estate market had 29 homes for sale in November 2023, a 3.3% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Gerrardstown housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Gerrardstown in November 2023, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 15 Days | 17 Days | +13.3% |
Summary: Homes in Gerrardstown had an average of 17 days on market in Nov 2023, up by 13.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gerrardstown are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 4 homes were sold in Gerrardstown; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
