Is Hedgesville, 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, Hedgesville was a Neutral Market.
Key Takeaway
Hedgesville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hedgesville, WV
How much do homes in Hedgesville, WV cost?
Median Sold Price
$299,295
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hedgesville have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Hedgesville was $299,295 in March 2024, up 15.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $164K | +17.1% |
| 2 Bedrooms | $232.5K | $251.2K | +8.1% |
| 3 Bedrooms | $280.5K | $291.4K | +3.9% |
| 4 Bedrooms | $230K | $357.5K | +55.4% |
| 5+ Bedrooms | $557.5K | $423.5K | -24.0% |
Summary: Hedgesville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 55.4%, and 5+ bedroom homes decreased by 24%.
Housing Supply in Hedgesville, WV
How many homes are available in Hedgesville, WV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 168 | 176 | +4.8% |
Summary: The Hedgesville real estate market had 176 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 23 | 25 | +8.7% |
| 3 Bedrooms | 100 | 103 | +3.0% |
| 4 Bedrooms | 33 | 35 | +6.1% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Hedgesville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 24 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hedgesville, expect to pay close to the asking price. 54.2% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in Hedgesville in March 2024, down by 20.0% month-over-month. Of the 24 sold homes, 21% were sold under asking, 54% were sold at asking, and 25% were sold over asking.
Days on Market for Hedgesville, WV
How long does it take to sell a home in Hedgesville, WV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 22 Days | -41.0% |
Summary: Homes in Hedgesville had an average of 22 days on market in Mar 2024, down by 41% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hedgesville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 24 homes were sold in Hedgesville; 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.
