Is Gerrardstown, WV 25420 a buyer’s or seller’s market?
Gerrardstown is a balanced market. With about 4.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 56% of U.S. ZIP codes, and #24 of 66 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Gerrardstown housing market right now
In the three months ending August 31, 2026, 25% of homes in Gerrardstown, WV 25420 sold above their list price, the typical home went under contract in 48 days and there were 4.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 16 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold more slowly (42 days then) and the median sale price fell 9% to $301,370. Overall, Gerrardstown is less competitive than a year ago, which gives buyers more room.
Within Berkeley County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in 87%. On our competition score, Gerrardstown ranks #24 of 66 WV ZIP codes with enough sales (score 54 out of 100).
Nearby, Hedgesville 25427 (40% sold over asking) and Inwood 25428 (40% sold over asking) are even more competitive.
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Nearby markets
Bunker Hill 25413Seller’s market $190 /sq ftFalling Waters 25419Seller’s market $180 /sq ftHedgesville 25427Seller’s market $210 /sq ftInwood 25428Seller’s market $185 /sq ft Browse all markets →Towns like Gerrardstown nearby
Find towns like Gerrardstown in other states →Where Gerrardstown is
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Questions about Gerrardstown real estate
Is Gerrardstown a buyer’s or seller’s market?
A balanced market: there were 4.2 months of supply in Gerrardstown, WV 25420 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Gerrardstown?
The typical home went under contract in 48 days in the latest three months.
Do homes in Gerrardstown sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 100.8% of the list price.
What are property taxes in Gerrardstown?
About 0.52% of a home’s value a year in Berkeley County, or roughly $2,080 on a $400,000 home.
What is the median home price in Gerrardstown?
The median sale price was $301,370 in the three months ending August 31, 2026, about $216 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology