Is Gerrardstown, 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, Gerrardstown has remained a Seller's Market.
Key Takeaway
Gerrardstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gerrardstown, WV
How much do homes in Gerrardstown, WV cost?
Median Sold Price
$330,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gerrardstown have sold for 32% more than they did a year ago.
Summary: The median home sold price in Gerrardstown was $330,000 in April 2024, up 32% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $198.4K | $255K | +28.5% |
| 3 Bedrooms | $250K | $280K | +12.0% |
| 4 Bedrooms | $420K | $428.8K | +2.1% |
| 5+ Bedrooms | $600K | $549.9K | -8.3% |
Summary: Gerrardstown 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 28.5%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Gerrardstown | $250K | $330K | +32.0% |
| Valley | $279K | $299.9K | +7.5% |
| Bunker Hill | $293.7K | $309K | +5.2% |
| Inwood | $290K | $304K | +4.8% |
| Shenandoah | $290K | $303K | +4.5% |
Housing Supply in Gerrardstown, WV
How many homes are available in Gerrardstown, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Summary: The Gerrardstown real estate market had 20 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Gerrardstown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gerrardstown, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Gerrardstown in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 0% were sold under asking, 60% were sold at asking, and 40% were sold over asking.
Days on Market for Gerrardstown, WV
How long does it take to sell a home in Gerrardstown, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 24 Days | +107.4% |
Summary: Homes in Gerrardstown had an average of 24 days on market in Apr 2024, up by 107.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Gerrardstown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Gerrardstown; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
