Is Charles Town, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Charles Town has remained a Seller's Market.
Key Takeaway
Charles Town is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Charles Town, WV
How much do homes in Charles Town, WV cost?
Median Sold Price
$385,666
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Charles Town have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Charles Town was $385,666 in April 2024, up 7.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $725K | N/A |
| 2 Bedrooms | $175K | $230.7K | +31.9% |
| 3 Bedrooms | $306.4K | $317K | +3.4% |
| 4 Bedrooms | $416K | $459.9K | +10.6% |
| 5+ Bedrooms | $440K | $515K | +17.0% |
Summary: Charles Town housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 17%.
Housing Supply in Charles Town, WV
How many homes are available in Charles Town, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 84 | 100 | +19.0% |
Summary: The Charles Town real estate market had 100 homes for sale in April 2024, a 19.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 35 | 50 | +42.9% |
| 4 Bedrooms | 38 | 39 | +2.6% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Charles Town housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charles Town, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Charles Town in April 2024, up by 15.0% month-over-month. Of the 23 sold homes, 39% were sold under asking, 13% were sold at asking, and 48% were sold over asking.
Days on Market for Charles Town, WV
How long does it take to sell a home in Charles Town, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 72 Days | 37 Days | -48.4% |
Summary: Homes in Charles Town had an average of 37 days on market in Apr 2024, down by 48.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Charles Town are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in Charles Town; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
