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Featured local agent — Shepherdstown, WV
Sarah Mitchell
Compass Real Estate · Shepherdstown, WV
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Shepherdstown, WV Housing Market
The typical home in Shepherdstown, WV is worth $487,807, rose 3.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $890,000 (through May 2026). With 4.0 months of supply, Shepherdstown is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $487,807 home is about $2,604/mo in principal and interest.
Key numbers for Shepherdstown, WV
Typical home value
$487,807
+3.0% in 12 months
Zillow, August 2026
Typical asking rent
$1,385/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$890,000
Last published period
Redfin, through May 2026
Active listings
4
4.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$62,500
Home costs 7.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.3%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Shepherdstown a buyer's or seller's market?
Shepherdstown, WV is a balanced market, based on 4.0 months of supply. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Shepherdstown housing market data show?
Every row below is Redfin's final published month for Shepherdstown, WV. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $890,000 |
| Median list price | $465,000 |
| Median price per sq ft | $276/sq ft |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 97.3% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Shepherdstown is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Shepherdstown is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Shepherdstown home prices moved?
Over the last three years the median sale price in Shepherdstown, WV rose 98.4%, from $448,700 to $890,000. The live Zillow value series has rose 3.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. 25.0% of Shepherdstown listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 97.3%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Shepherdstown?
Priced off the typical home value of $487,807 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $97,561 | $390,245 | $2,604/mo |
| 5% | $24,390 | $463,416 | $3,092/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,604, that implies roughly $111,608 a year before you add taxes and insurance. The median household in Shepherdstown earns $62,500, about $49,108 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 7.8x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Shepherdstown in the next 12 months?
Tell us your timeline. We send the Shepherdstown market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Shepherdstown?
Typical asking rent in Shepherdstown, WV is $1,385/mo, against a typical home value of $487,807. That is a price-to-rent ratio of 29.4x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $2,604 a month — $1,219 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Shepherdstown?
Active listings in Shepherdstown, WV went from 2 in December 2024 to 4 in May 2026, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| February 2025 | 3 | 1 |
| March 2025 | 4 | 1 |
| April 2025 | 3 | not published |
| May 2025 | 4 | 2 |
| July 2025 | 5 | 1 |
| August 2025 | 4 | 2 |
| September 2025 | 2 | 1 |
| October 2025 | 4 | 2 |
| January 2026 | 2 | 1 |
| February 2026 | 2 | 1 |
| April 2026 | 3 | 1 |
| May 2026 | 4 | 1 |
Redfin, through May 2026
How does Shepherdstown compare to West Virginia and the U.S.?
Shepherdstown homes sell for $890,000 — 236% above the West Virginia median of $265,200. Against the national median of $410,700, Shepherdstown runs 117% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Shepherdstown, WV | $890,000 | not published | not published |
| West Virginia statewide | $265,200 | +7.8% | 50 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Shepherdstown
What buyers should watch
- Months of supply, currently 4.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 25.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $488 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $487,807 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- Homes here close at 97.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Shepherdstown added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +3.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Shepherdstown varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Shepherdstown
There are currently 4 homes listed for sale in Shepherdstown, West Virginia. The median listing price is $465K.
Active listings
4
Homes on market
Median list price
$465K
New this week
1
Newly listed
How much do homes cost in Shepherdstown by property type?
How the Shepherdstown, WV market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $890,000 | $276/sq ft | 1 | not published |
| Townhouse | $465,000 | $220/sq ft | 1 | not published |
Who lives in Shepherdstown?
American Community Survey estimates for Shepherdstown. U.S. Census ACS, 2023
Population
1,399
Households
298
Median income
$62,500/yr
Median age
21.7 years
Owner-occupied
63.1%
Median home value
$474,500
Median gross rent
$1,152/mo
Mean commute
17.5 min
63.1% of occupied homes in Shepherdstown are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $474,500 against Zillow's $487,807 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,152/mo, below Zillow's $1,385/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Shepherdstown?
2 schools tracked · 647 students
The largest public schools serving Shepherdstown, WV by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Shepherdstown Middle School
Grades 6-8 · 325 students
Shepherdstown Elementary School
Grades PK-5 · 322 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Shepherdstown, WV?
Ordered by distance from Shepherdstown, not by size. Compare Shepherdstown side by side with any of them.
Shepherdstown housing market FAQ
Is Shepherdstown a buyer's or seller's market?
Shepherdstown, WV is currently a balanced market. That read comes from 4.0 months of supply, and sellers getting 97.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Shepherdstown?
The typical home in Shepherdstown, WV is worth $487,807 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $890,000, about $276 per square foot.
Is Shepherdstown cheaper than the rest of West Virginia?
Shepherdstown's median sale price of $890,000 is 236% higher than the West Virginia statewide median of $265,200, and 117% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Shepherdstown?
We do not hold a days-on-market figure for Shepherdstown, WV. Redfin stopped publishing its public market tracker in June 2026, so this metric is frozen wherever it exists and missing where it never landed.
What income do you need to buy a home in Shepherdstown?
At the current 30-year fixed rate of 7.03%, 20% down on a $487,807 home is about $2,604 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $111,608 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $62,500.
Are home prices rising in Shepherdstown?
The typical home value in Shepherdstown, WV rose 3.0% over the last 12 months, from $473,507 to $487,807 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Shepherdstown?
Shepherdstown ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Shepherdstown?
That depends on your timeline, not on a headline. What the data says today: Shepherdstown, WV is a balanced market with 4.0 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 29.4x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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