The Long & Foster Market Minute

Focus On: Falling Waters, Hedgesville, and Western Berkeley County Housing Market September 2021

Zip Code(s): 25419, 25427, 25421 and 25420
Units Sold
86
Active Inventory
68
Median Sale Price
$284,450
Days On Market
15
Up 13%
Vs. Year Ago
Down -40%
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -71%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 86 sold this month in Falling Waters, Hedgesville, and Western Berkeley County Real Estate versus 94 last month, a decrease of 9%. This month's total units sold was higher than at this time last year, an increase of 13% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 45 units or 40%. The total number of active inventory this September was 68 compared to 113 in September 2020. This month's total of 68 is lower than the previous month's total supply of available inventory of 79, a decrease of 14%.

Median Sale Price
Last September, the median sale price for Falling Waters, Hedgesville, and Western Berkeley County Homes was $266,200. This September, the median sale price was approximately the same at $284,450. The current median sold price is 7% higher than in September 2020.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
70
Current Contracts
68
Sold Vs. List Price
99.5%
Months of Supply
0.8
Down -15%
Vs. Year Ago
Down -11%
Vs. Year Ago
No Change
Vs. Year Ago
Down -47%
Vs. Year Ago

Months of Supply
In September, there was 0.8 months of supply available in Falling Waters, Hedgesville, and Western Berkeley County, compared to 1.5 in September 2020. That is a decrease of 47% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 70 homes newly listed for sale in Falling Waters, Hedgesville, and Western Berkeley County compared to 82 in September 2020, a decrease of 15%. There were 68 current contracts pending sale this September compared to 76 a year ago. The number of current contracts is 11% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Falling Waters, Hedgesville, and Western Berkeley County was 99.5% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 15, lower than the average last year, which was 52, a decrease of 71%.

The Long & Foster Market Minute Falling Waters, Hedgesville, and Western Berkeley County are defined as properties listed in zip code/s 25419, 25427, 25421 and 25420.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.