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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Inwood is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Inwood, WV cost?

Median Sold Price

$280,000

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$45,000(+19.1%)

Key Takeaway

Homes in Inwood have sold for 19.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 -$118.4K
N/A
2 $147K$166.7K
+13.4%
3 $232K$261K
+12.5%
4 $294.2K$354.5K
+20.5%
5+ $271.7K$405K
+49.1%

Median Sold Price Compared To Nearby Cities

Inwood
+19.1%
Shenandoah
+16.6%
Gerrardstown
+8.9%
Bunker Hill
+6.3%
Kearneysville
+3.9%

How many homes are available in Inwood, WV?

Number of Homes For Sale

Jul 2022Aug 2022%
5475+38.9%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 34
+33.3%
3 3349
+48.5%
4 1519
+26.7%
5+ 33
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
116+1500.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Inwood, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
6 Days12 Days+99.9%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Inwood 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 Inwood, WV

Homes for sale in Inwood, WV have reached 75. In August 2022 in Inwood, WV there were 38.9% more homes for sale than in July 2022. The median list price of listings available in August 2022 was $280,000, while the average time on the real estate market was 12 days. Listing prices have changed in this real estate market between July 2022 and August 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 13.4%, 3 bedrooms properties became 12.5% more expensive, the cost of 4 bedrooms properties went up by 20.5%, 5 bedrooms properties prices increased by 49.1%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, 2 bedrooms homes became 33.3% more available, number of 3 bedrooms homes increased by 48.5%, the quantity of 4 bedrooms homes went up by 26.7%, number of 5 bedrooms homes remained the same. In August 2022 more than 8 listings in Inwood, WV were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 3 were sold below.

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