Is Hampshire County, 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, Hampshire County has remained a Buyer's Market.
Key Takeaway
Hampshire County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hampshire County, WV
How much do homes in Hampshire County, WV cost?
Median Sold Price
$249,950
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hampshire County have sold for 19% more than they did a year ago.
Summary: The median home sold price in Hampshire County was $249,950 in March 2024, up 19% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115.2K | $122.5K | +6.3% |
| 2 Bedrooms | $163.7K | $201K | +22.7% |
| 3 Bedrooms | $232.5K | $250K | +7.5% |
| 4 Bedrooms | $336K | $317.5K | -5.5% |
| 5+ Bedrooms | $319K | $371K | +16.3% |
Summary: Hampshire County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Counties
| Hampshire County | $210K | $249.9K | +19.0% |
| Mineral County | $159.5K | $188.5K | +18.2% |
| Morgan County | $270K | $289.9K | +7.4% |
| Frederick County | $378.6K | $399.9K | +5.6% |
| Allegany County | $134.9K | $135.4K | 0.4% |
Housing Supply in Hampshire County, WV
How many homes are available in Hampshire County, WV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 117 | 121 | +3.4% |
Summary: The Hampshire County real estate market had 121 homes for sale in March 2024, a 3.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 17 | 20 | +17.6% |
| 3 Bedrooms | 59 | 59 | 0.0% |
| 4 Bedrooms | 32 | 30 | -6.3% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Hampshire County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 17.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hampshire County, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Hampshire County in March 2024, up by 7.1% month-over-month. Of the 15 sold homes, 53% were sold under asking, 33% were sold at asking, and 13% were sold over asking.
Days on Market for Hampshire County, WV
How long does it take to sell a home in Hampshire County, WV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 73 Days | 61 Days | -16.2% |
Summary: Homes in Hampshire County had an average of 61 days on market in Mar 2024, down by 16.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hampshire County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Hampshire County; 53% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
