Is Inwood, 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, Inwood has remained a Seller's Market.
Key Takeaway
Inwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Inwood, WV
How much do homes in Inwood, WV cost?
Median Sold Price
$304,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Inwood have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Inwood was $304,000 in April 2024, up 4.8% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209.5K | $140K | -33.2% |
| 2 Bedrooms | $200K | $207.5K | +3.8% |
| 3 Bedrooms | $276.6K | $297K | +7.4% |
| 4 Bedrooms | $353.7K | $349.9K | -1.1% |
| 5+ Bedrooms | $355K | $406.5K | +14.5% |
Summary: Inwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.2%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Gerrardstown | $250K | $330K | +32.0% |
| Bunker Hill | $293.7K | $309K | +5.2% |
| Inwood | $290K | $304K | +4.8% |
| Shenandoah | $290K | $303K | +4.5% |
| Kearneysville | $372.4K | $384K | +3.1% |
Housing Supply in Inwood, WV
How many homes are available in Inwood, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 52 | +6.1% |
Summary: The Inwood real estate market had 52 homes for sale in April 2024, a 6.1% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 32 | 37 | +15.6% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Inwood 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 decreased by 50%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Inwood, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Inwood in April 2024, down by 7.7% month-over-month. Of the 12 sold homes, 17% were sold under asking, 42% were sold at asking, and 42% were sold over asking.
Days on Market for Inwood, WV
How long does it take to sell a home in Inwood, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 24 Days | +27.2% |
Summary: Homes in Inwood had an average of 24 days on market in Apr 2024, up by 27.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Inwood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Inwood; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
