$3,313 Closing Credit*
$279,000
1,950 SqFt
3 Beds
•2 Full Baths, 2 Partial
Monika Foster, Listing Office: Samson Properties
Is Potomac, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Potomac was a Seller's Market.
Key Takeaway
Potomac 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 in Potomac, WV
How much do homes in Potomac, WV cost?
Median Sold Price
$297,750
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$22,750(+8.3%)
Key Takeaway
Homes in Potomac have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Potomac was $297,750 in September 2024, up 8.3% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $187.5K | +21.0% |
| 2 Bedrooms | $257.5K | $290.4K | +12.8% |
| 3 Bedrooms | $260K | $280K | +7.7% |
| 4 Bedrooms | $355K | $377.2K | +6.3% |
| 5+ Bedrooms | $443K | $514.9K | +16.2% |
Summary: Potomac housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 16.2%.
Median Sold Price Compared To Nearby Cities
| Norborne | $324.5K | $353.5K | +8.9% |
| Potomac | $275K | $297.7K | +8.3% |
| Martinsburg | $276.9K | $299.9K | +8.3% |
| Tuscarora | $293.7K | $312.7K | +6.5% |
| Falling Waters | $285K | $300.6K | +5.5% |
Housing Supply in Potomac, WV
How many homes are available in Potomac, WV?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 148 | 131 | -11.5% |
Summary: The Potomac real estate market had 131 homes for sale in September 2024, a 11.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 104 | 94 | -9.6% |
| 4 Bedrooms | 31 | 31 | 0.0% |
| 5+ Bedrooms | 8 | 3 | -62.5% |
Summary: The Potomac housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 62.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 56 | 21 | -62.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Potomac, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Potomac in September 2024, down by 62.5% month-over-month. Of the 21 sold homes, 52% were sold under asking, 10% were sold at asking, and 38% were sold over asking.
Days on Market for Potomac, WV
How long does it take to sell a home in Potomac, WV?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 18 Days | 30 Days | +64.7% |
Summary: Homes in Potomac had an average of 30 days on market in Sep 2024, up by 64.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Potomac are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 21 homes were sold in Potomac; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
