Is Scott, 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, Scott has remained a Seller's Market.
Housing Prices in Scott, WV
How much do homes in Scott, WV cost?
Median Sold Price
$266,999
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Scott was $266,999 in May 2024, up 3.1% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $220.8K | $183K | -17.1% |
3 Bedrooms | $224.5K | $231.7K | +3.2% |
4 Bedrooms | $329K | $377K | +14.6% |
5+ Bedrooms | $538K | $605K | +12.5% |
Summary: Scott 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 17.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
Winfield | $252K | $351.5K | +39.5% |
Teays | $299.9K | $320K | +6.7% |
Scott | $259K | $266.9K | +3.1% |
Scott Depot | $265K | $264.5K | -0.2% |
Buffalo-Union | $245K | $220K | -10.2% |
Housing Supply in Scott, WV
How many homes are available in Scott, WV?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 36 | -2.7% |
Summary: The Scott real estate market had 36 homes for sale in May 2024, a 2.7% 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 | 2 | -33.3% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Scott 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 33.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Scott in May 2024, the same as the previous month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.
Days on Market for Scott, WV
How long does it take to sell a home in Scott, WV?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 70 Days | +466.7% |
Summary: Homes in Scott had an average of 70 days on market in May 2024, up by 466.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Scott; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.