Is Gerrardstown, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gerrardstown is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Gerrardstown has remained a Seller's Market.

Key Takeaway

Gerrardstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Gerrardstown, WV cost?

Median Sold Price

$258,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$21,000(+8.9%)

Key Takeaway

Homes in Gerrardstown have sold for 8.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $155K$163.7K
+5.6%
3 $230K$245K
+6.5%
4 $370K$359.9K
-2.7%
5+ $445K$551K
+23.8%

Median Sold Price Compared To Nearby Cities

Inwood
+19.1%
Shenandoah
+16.6%
Valley
+12.4%
Gerrardstown
+8.9%
Bunker Hill
+6.3%

How many homes are available in Gerrardstown, WV?

Number of Homes For Sale

Jul 2022Aug 2022%
1417+21.4%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 36
+100.0%
3 66
0.0%
4 44
0.0%
5+ 11
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gerrardstown, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
15 Days8 Days-49.1%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Gerrardstown, WV

Gerrardstown, WV has 17 homes for sale to choose from. The number of homes for sale in Gerrardstown, WV increased by 21.4% between July 2022 and August 2022. The median list price of listings available in August 2022 was $258,000, while the average time on the real estate market was 8 days. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 5.6% more expensive, prices of 3 bedrooms properties went up by 6.5%, 4 bedrooms properties became 2.7% more cheaper, prices of 5 bedrooms properties went up by 23.8%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes increased by 100%, 3 bedrooms homes inventory did not change, number of 4 bedrooms homes remained the same, volume of 5 bedrooms homes stayed the same. In August 2022, from all listings sold in Gerrardstown, WV there were more than 2 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.

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