Is Hedgesville, 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, Hedgesville has remained a Seller's Market.
Key Takeaway
Hedgesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hedgesville, WV
How much do homes in Hedgesville, WV cost?
Median Sold Price
$300,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hedgesville have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Hedgesville was $300,000 in April 2024, up 7.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $172K | +22.9% |
| 2 Bedrooms | $240K | $250K | +4.2% |
| 3 Bedrooms | $315K | $300K | -4.8% |
| 4 Bedrooms | $255K | $362.8K | +42.3% |
| 5+ Bedrooms | $415K | $427K | +2.9% |
Summary: Hedgesville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.9%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 42.3%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in Hedgesville, WV
How many homes are available in Hedgesville, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 114 | 125 | +9.6% |
Summary: The Hedgesville real estate market had 125 homes for sale in April 2024, a 9.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 20 | 17 | -15.0% |
| 3 Bedrooms | 67 | 79 | +17.9% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Hedgesville 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 decreased by 15%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 30 | -6.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hedgesville, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Hedgesville in April 2024, down by 6.3% month-over-month. Of the 30 sold homes, 40% were sold under asking, 37% were sold at asking, and 23% were sold over asking.
Days on Market for Hedgesville, WV
How long does it take to sell a home in Hedgesville, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 33 Days | +13.8% |
Summary: Homes in Hedgesville had an average of 33 days on market in Apr 2024, up by 13.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hedgesville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 30 homes were sold in Hedgesville; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
