Is Buffalo-Union, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Buffalo-Union was a Buyer's Market.
Key Takeaway
Buffalo-Union is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Buffalo-Union, WV
How much do homes in Buffalo-Union, WV cost?
Median Sold Price
$220,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Buffalo-Union have sold for 10.2% less than they did a year ago.
Summary: The median home sold price in Buffalo-Union was $220,000 in May 2024, down 10.2% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $38K | $125K | +228.9% |
| 2 Bedrooms | $205K | $218.5K | +6.6% |
| 3 Bedrooms | $220K | $189K | -14.1% |
| 4 Bedrooms | $295K | $320K | +8.5% |
| 5+ Bedrooms | $264.2K | $420K | +58.9% |
Summary: Buffalo-Union housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 228.9%, 2 bedroom homes increased by 6.6%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 58.9%.
Median Sold Price Compared To Nearby Cities
| Pocatalico | $149K | $200K | +34.2% |
| Buffalo-Union | $245K | $220K | -10.2% |
Housing Supply in Buffalo-Union, WV
How many homes are available in Buffalo-Union, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Buffalo-Union real estate market had 23 homes for sale in May 2024, a 4.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 8 | 4 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Buffalo-Union housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buffalo-Union, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Buffalo-Union in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Buffalo-Union, WV
How long does it take to sell a home in Buffalo-Union, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 4 Days | -75.7% |
Summary: Homes in Buffalo-Union had an average of 4 days on market in May 2024, down by 75.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Buffalo-Union are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Buffalo-Union; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
