Is Nitro, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Nitro has remained a Seller's Market.
Key Takeaway
Nitro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nitro, WV
How much do homes in Nitro, WV cost?
Median Sold Price
$137,500
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Nitro have sold for 10% more than they did a year ago.
Summary: The median home sold price in Nitro was $137,500 in April 2024, up 10% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $20K | $114.5K | +472.5% |
| 2 Bedrooms | $107.7K | $94.5K | -12.3% |
| 3 Bedrooms | $125K | $146.3K | +17.1% |
| 4 Bedrooms | $170K | $201.7K | +18.7% |
| 5+ Bedrooms | $390K | $213.5K | -45.3% |
Summary: Nitro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 472.5%, 2 bedroom homes decreased by 12.3%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes decreased by 45.3%.
Median Sold Price Compared To Nearby Cities
| Nitro | $125K | $137.5K | +10.0% |
| Scott | $274.9K | $259K | -5.8% |
Housing Supply in Nitro, WV
How many homes are available in Nitro, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 18 | -28.0% |
Summary: The Nitro real estate market had 18 homes for sale in April 2024, a 28.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 0 | -100.0% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Nitro housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Nitro, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Nitro in April 2024, down by 27.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Nitro, WV
How long does it take to sell a home in Nitro, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 8 Days | -80.4% |
Summary: Homes in Nitro had an average of 8 days on market in Apr 2024, down by 80.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nitro are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Nitro; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
