Is Martinsburg, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Martinsburg has remained a Seller's Market.
Key Takeaway
Martinsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Martinsburg, WV
How much do homes in Martinsburg, WV cost?
Median Sold Price
$291,714
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Martinsburg have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Martinsburg was $291,714 in June 2024, up 7.4% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131K | $149K | +13.7% |
| 2 Bedrooms | $177K | $189.9K | +7.3% |
| 3 Bedrooms | $249.9K | $273.5K | +9.4% |
| 4 Bedrooms | $335K | $350K | +4.5% |
| 5+ Bedrooms | $369.5K | $419.9K | +13.6% |
Summary: Martinsburg housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Adam Stephens | $202.5K | $226.5K | +11.9% |
| Norborne | $324.5K | $352.8K | +8.7% |
| Martinsburg | $271.5K | $291.7K | +7.4% |
| Tuscarora | $285K | $305K | +7.0% |
| Potomac | $275K | $290.3K | +5.6% |
Housing Supply in Martinsburg, WV
How many homes are available in Martinsburg, WV?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 303 | 320 | +5.6% |
Summary: The Martinsburg real estate market had 320 homes for sale in June 2024, a 5.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 23 | +53.3% |
| 3 Bedrooms | 177 | 186 | +5.1% |
| 4 Bedrooms | 90 | 91 | +1.1% |
| 5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Martinsburg housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 53.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 93 | 70 | -24.7% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Martinsburg, you may be able to get a good deal. 44.3% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in Martinsburg in June 2024, down by 24.7% month-over-month. Of the 70 sold homes, 44% were sold under asking, 30% were sold at asking, and 26% were sold over asking.
Days on Market for Martinsburg, WV
How long does it take to sell a home in Martinsburg, WV?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 25 Days | 21 Days | -12.6% |
Summary: Homes in Martinsburg had an average of 21 days on market in Jun 2024, down by 12.6% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Martinsburg are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 70 homes were sold in Martinsburg; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
