Rising active inventory and slower average marketing times are giving buyers more room to negotiate across Washington County and Elkins.
Price Trends
The median sale price in the market reached $272,500, up 1.7% from the prior period's $268,000, while the median list price held nearly flat at $275,000. Price per square foot rose to $189.08, a 3.6% increase, and homes are selling at 100% of list price on average. Together these figures point to a market where pricing has stayed firm even as other conditions have shifted.
Inventory & Supply
Active listings climbed to 60, up 140% from 25 in the prior period, while new listings reached 116, a 36.5% increase. Months of supply now stand at 6.7, sharply higher than the 2.5 months recorded previously, and the market is currently classified as a Buyer's Market. This buildup of available inventory gives buyers a wider pool of choices relative to recent history.
Pace of Sales
The average days on market is 50.03, down 20.2% from 62.67 in the prior period, suggesting recent sales have moved somewhat faster on average even as overall supply has grown; the median days on market of 31 offers additional context on typical timing. Sold volume for the period totaled 71 transactions, down 10.1% from 79, and the sell-through rate was 61.2%. Absorption rate stood at 14.82%, with a pending-to-active ratio of 23.3%.
Property Type & Price Range Highlights
Single-family houses made up the vast majority of activity, with 70 of 71 sales and a median sale price of $273,250, while manufactured homes accounted for just one sale. Among price bands, the $200K–$300K range saw the most sales activity at 49 transactions, while the $300K–$400K range showed the tightest supply at 0.9 months. Homes priced at $700K and above took considerably longer to sell, averaging 161.5 days on market.
At a Glance
- Median Sale Price: $272,500
- Average Days on Market: 50 days
- Months of Supply: 6.7
- Active Listings: 60
- Sale-to-List Ratio: 100%
See the full interactive year-to-date market report: https://nwastats.com/market-report/elkins-washington-county-year-to-date-market-update/