Is Charleston, 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, Charleston has remained a Seller's Market.
Key Takeaway
Charleston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Charleston, WV
How much do homes in Charleston, WV cost?
Median Sold Price
$190,375
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Charleston have sold for 9% more than they did a year ago.
Summary: The median home sold price in Charleston was $190,375 in April 2024, up 9% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $103.7K | +22.1% |
| 2 Bedrooms | $100.2K | $115K | +14.7% |
| 3 Bedrooms | $162.8K | $179.6K | +10.3% |
| 4 Bedrooms | $265K | $269.9K | +1.9% |
| 5+ Bedrooms | $385.6K | $400K | +3.7% |
Summary: Charleston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.1%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| South Charleston | $155K | $170K | +9.7% |
| Charleston | $174.6K | $190.3K | +9.0% |
Housing Supply in Charleston, WV
How many homes are available in Charleston, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 260 | 273 | +5.0% |
Summary: The Charleston real estate market had 273 homes for sale in April 2024, a 5.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 12 | +50.0% |
| 2 Bedrooms | 43 | 42 | -2.3% |
| 3 Bedrooms | 108 | 109 | +0.9% |
| 4 Bedrooms | 66 | 76 | +15.2% |
| 5+ Bedrooms | 35 | 34 | -2.9% |
Summary: The Charleston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 2.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 55 | +14.6% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charleston, you may be able to get a good deal. 69.1% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Charleston in April 2024, up by 14.6% month-over-month. Of the 55 sold homes, 69% were sold under asking, 20% were sold at asking, and 11% were sold over asking.
Days on Market for Charleston, WV
How long does it take to sell a home in Charleston, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 44 Days | +0.7% |
Summary: Homes in Charleston had an average of 44 days on market in Apr 2024, up by 0.7% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Charleston are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 55 homes were sold in Charleston; 55% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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