What’s new in Western Maryland and nearby West Virginia? Mountainside Home Realty just opened up a second location in Fort Ashby, West Virginia! Please join us for our upcoming ribbon cutting ceremony on September 22, 2023 at 11am. We have been busy getting our new office together but that doesn’t mean we haven’t been busy helping our neighbors buy their new home or sell their old ones.
Residential stats pulled from Bright MLS on September 15, 2023 at 7:00pm.
Allegany County, Maryland
Active Residential Homes: 145 homes
Coming Soon Residential Homes: 3
Under Contract: 72 homes
Closed in the Last 30 Days: 58 homes
Average Sale Price: $148,483
Average Days on the Market: 37
Average Sold Price/ Original Price: 107.4%
Garrett County, Maryland
Active Residential Homes: 156 homes
Coming Soon Residential Homes: 3
Under Contract: 67 homes
Closed in the Last 30 Days: 40 homes
Average Sale Price: $757,406
Average Days on the Market: 64
Average Sold Price/ Original Price: 91.1%
Mineral County, West Virginia
Active Residential Homes: 39 homes
Coming Soon Residential Homes: 0
Under Contract: 29 homes
Closed in the Last 30 Days: 27 homes
Average Sale Price: $183,522
Average Days on the Market: 23
Average Sold Price/ Original Price: 98.6%
Hampshire County, West Virginia
Active Residential Homes: 57 homes
Coming Soon Residential Homes: 2
Under Contract: 47 homes
Closed in the Last 30 Days: 23 homes
Average Sale Price: $268,452
Average Days on the Market: 35
Average Sold Price/ Original Price: 95.0%
An important stat to pay attention to is the average list to sale price. This shows how close the house sold to its original listing price. Over the last year, we have seen this percentage decrease meaning sellers are not getting as close to what they originally asked for.
What does this mean?
If you are looking to sell, this is the time to reach out to a REALTOR! Our inventory is still extremely low. Properties that are priced properly are still getting multiple offers and selling quickly. Pricing correctly is key to succeeding! If you have any questions on what your house is worth, reach out to us for a free market analysis.
If you are looking to buy, talk to an agent on where to start. Although inventory is limited, there is more room to negotiate.
We are in need of some specific inventory. If you have been thinking of selling anything fitting this description, please let us know:
-Mineral County homes in the $100,000 to $300,000 range
-Homes (especially with acreage!) in the $180,000+ range in Western Maryland and West Virginia
-Luxury properties above $350,000 in Maryland and West Virginia (acreage preferred but not necessary!)
-Fixer Uppers in the Cumberland area
-Investment properties like duplexes and apartment buildings
If you would like to talk to an agent about buying or selling, please reach out to Mountainside Home Realty at 301-722-0190 or email us at [email protected].
