Is Inwood, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
At the same time last year, Inwood was a Seller's Market.
Key Takeaway
Inwood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices
How much do homes in Inwood, WV cost?
Median Sold Price
$299,999
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Inwood have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Inwood was $299,999 in August 2023, up 6.2% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $174.7K | N/A |
| 2 Bedrooms | $182.5K | $178K | -2.5% |
| 3 Bedrooms | $260K | $289.9K | +11.5% |
| 4 Bedrooms | $340K | $349.9K | +2.9% |
| 5+ Bedrooms | $409.9K | $420K | +2.5% |
Summary: Inwood housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Bunker Hill | $275K | $315K | +14.5% |
| Shenandoah | $272K | $300K | +10.3% |
| Inwood | $282.5K | $299.9K | +6.2% |
| Kearneysville | $355K | $372.5K | +4.9% |
| Gerrardstown | $280K | $269.9K | -3.6% |
Housing Supply
How many homes are available in Inwood, WV?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 100 | 108 | +8.0% |
Summary: The Inwood real estate market had 108 homes for sale in August 2023, a 8.0% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 71 | 76 | +7.0% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Inwood housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Inwood, expect to pay close to the asking price. 38.9% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Inwood in August 2023, up by 5.9% month-over-month. Of the 18 sold homes, 22% were sold under asking, 39% were sold at asking, and 39% were sold over asking.
Days on Market
How long does it take to sell a home in Inwood, WV?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 12 Days | 19 Days | +57.5% |
Summary: Homes in Inwood had an average of 19 days on market in Aug 2023, up by 57.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Inwood are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 18 homes were sold in Inwood; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
