Is Great Cacapon, 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, Great Cacapon was a Neutral Market.
Key Takeaway
Great Cacapon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Great Cacapon, WV
How much do homes in Great Cacapon, WV cost?
Median Sold Price
$270,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Great Cacapon have sold for 12.9% less than they did a year ago.
Summary: The median home sold price in Great Cacapon was $270,000 in March 2024, down 12.9% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166.5K | $220K | +32.1% |
| 2 Bedrooms | $251K | $239.5K | -4.6% |
| 3 Bedrooms | $380K | $310K | -18.4% |
| 4 Bedrooms | $448.2K | $294.7K | -34.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Great Cacapon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.1%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes decreased by 34.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Berkeley Springs | $270K | $316.5K | +17.2% |
| Paw Paw | $150K | $175K | +16.7% |
| Great Cacapon | $310K | $270K | -12.9% |
Housing Supply in Great Cacapon, WV
How many homes are available in Great Cacapon, WV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Summary: The Great Cacapon real estate market had 25 homes for sale in March 2024, a 7.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Great Cacapon 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 decreased by 7.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Great Cacapon, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Great Cacapon in March 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Great Cacapon, WV
How long does it take to sell a home in Great Cacapon, WV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 97 Days | 87 Days | -10.9% |
Summary: Homes in Great Cacapon had an average of 87 days on market in Mar 2024, down by 10.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Great Cacapon are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Great Cacapon; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
