Is Potomac, 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, Potomac was a Neutral Market.
Housing Prices in Potomac, WV
How much do homes in Potomac, WV cost?
Median Sold Price
$285,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Potomac was $285,000 in March 2024, up 3.6% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $150K | N/A |
2 Bedrooms | $222.1K | $285K | +28.3% |
3 Bedrooms | $265K | $268.9K | +1.5% |
4 Bedrooms | $375K | $350K | -6.7% |
5+ Bedrooms | $412.5K | $475K | +15.2% |
Summary: Potomac housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Cities
Martinsburg | $250K | $285.6K | +14.3% |
Tuscarora | $272.5K | $306.1K | +12.4% |
Norborne | $315K | $334.9K | +6.3% |
Potomac | $275K | $285K | +3.6% |
Falling Waters | $290K | $297K | +2.4% |
Housing Supply in Potomac, WV
How many homes are available in Potomac, WV?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
149 | 148 | -0.7% |
Summary: The Potomac real estate market had 148 homes for sale in March 2024, a 0.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 85 | 84 | -1.2% |
4 Bedrooms | 43 | 43 | 0.0% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Potomac housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 29 | +7.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Potomac in March 2024, up by 7.4% month-over-month. Of the 29 sold homes, 28% were sold under asking, 28% were sold at asking, and 45% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 13 Days | -69.6% |
Summary: Homes in Potomac had an average of 13 days on market in Mar 2024, down by 69.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in Potomac; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.