May 2025 Newsletter - Real Estate Market Snapshot: Trends Across the Eastern Panhandle & Northern Virginia

MARKET AT A GLANCE – EASTERN PANHANDLE, WV/MD & NORTHERN VIRGINIA

Spring is in Full Swing—and So Is the Housing Market!
Home values are rising, listings are picking up, and both the Eastern Panhandle and Northern Virginia are seeing signs of renewed buyer energy. Curious about what this means for your next move? We've broken down the latest market trends in a way that’s clear, local, and focused on your goals.
Read the full May Market Update to see how your neighborhood is doing and what opportunities lie ahead.

As we step into the vibrant months of spring, the real estate markets in the Eastern Panhandle of West Virginia and Northern Virginia are showing promising signs of growth and resilience. At The Kable Team, we're here to provide you with the latest insights to help you navigate this dynamic landscape with confidence.

🏡 Eastern Panhandle, WV: Steady Growth Amidst Limited Inventory

The Eastern Panhandle continues to attract buyers seeking affordability and charm, with notable trends observed:

• Berkeley County: The average sales price reached $325,967, marking a 6.52% increase year-over-year. Homes are moving swiftly, with an average of 35 days on the market.​
• Jefferson County: Maintaining stability, the average sales price stands at $416,810, a modest 0.14% rise from last year. Properties here are selling even faster, averaging 28 days on the market.​
• Morgan County: Experiencing significant appreciation, the average sales price soared to $337,419, a remarkable 29.38% year-over-year increase. However, homes are taking longer to sell, with an average of 86 days on the market.​

While inventory remains tight, this scarcity continues to support home values. Buyers are encouraged to act decisively, and sellers can leverage this demand to achieve favorable outcomes.

🏙️ Northern Virginia: Increased Listings Offer New Opportunities

Northern Virginia's market is gaining momentum, offering more options for buyers and solid returns for sellers:

• Median Sales Price: At $755,625, there's a 3.5% increase compared to last year, reflecting sustained demand.​
• Sales Activity: A total of 1,202 homes were sold, a slight 0.9% uptick year-over-year.​
• Inventory Surge: New listings have risen by 25.67%, totaling 1,890, providing buyers with a broader selection.​
• Pending Sales: With 1,610 homes under contract, there's evident buyer engagement.​
• Days on Market: Homes are selling quickly, averaging just 18 days on the market.​

This influx of new listings is creating a more balanced market, offering opportunities for both buyers and sellers to achieve their real estate goals.​

🔍 Key Takeaways for Buyers and Sellers

• For Buyers: The increase in listings, especially in Northern Virginia, means more choices and less competition. However, with homes selling swiftly, it's crucial to be prepared and act promptly.​
• For Sellers: The continued demand and rising prices, particularly in the Eastern Panhandle, present a favorable environment to list your property. Proper pricing and presentation remain key to attracting motivated buyers.​

At The Kable Team, our deep-rooted knowledge of the local markets and commitment to personalized service ensure that whether you're buying or selling, you're supported every step of the way.

Ready to Make Your Move?

Whether you're considering purchasing your first home, upgrading, or selling your property, The Kable Team is here to guide you through the process with expertise and care. Contact us today to discuss your real estate needs and take advantage of the opportunities this spring market offers.