Is Cabell County, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cabell County has remained a Seller's Market.
Key Takeaway
Cabell County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cabell County, WV
How much do homes in Cabell County, WV cost?
Median Sold Price
$218,500
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cabell County have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in Cabell County was $218,500 in May 2024, up 16.8% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $34K | - | N/A |
| 2 Bedrooms | $125K | $118.2K | -5.4% |
| 3 Bedrooms | $177K | $196.9K | +11.3% |
| 4 Bedrooms | $275K | $258K | -6.2% |
| 5+ Bedrooms | $312K | $362K | +16.0% |
Summary: Cabell County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Counties
| Cabell County | $187K | $218.5K | +16.8% |
| Putnam County | $260K | $255K | -1.9% |
Housing Supply in Cabell County, WV
How many homes are available in Cabell County, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 83 | 75 | -9.6% |
Summary: The Cabell County real estate market had 75 homes for sale in May 2024, a 9.6% 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 | 14 | 12 | -14.3% |
| 3 Bedrooms | 32 | 26 | -18.8% |
| 4 Bedrooms | 26 | 26 | 0.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Cabell County 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 decreased by 14.3%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 18 | -30.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cabell County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Cabell County in May 2024, down by 30.8% month-over-month. Of the 18 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Cabell County, WV
How long does it take to sell a home in Cabell County, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 50 Days | +52.2% |
Summary: Homes in Cabell County had an average of 50 days on market in May 2024, up by 52.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cabell County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Cabell County; 56% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
