Is 25401, 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, 25401 has remained a Seller's Market.
Key Takeaway
25401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 25401, WV
How much do homes in 25401, WV cost?
Median Sold Price
$239,250
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 25401 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 25401 was $239,250 in April 2024, up 7.8% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131K | - | N/A |
| 2 Bedrooms | $180K | $172.5K | -4.2% |
| 3 Bedrooms | $214.9K | $235.3K | +9.5% |
| 4 Bedrooms | $296K | $290K | -2.0% |
| 5+ Bedrooms | $340K | $350K | +2.9% |
Summary: 25401 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in 25401, WV
How many homes are available in 25401, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 57 | +14.0% |
Summary: The 25401 real estate market had 57 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 33 | 39 | +18.2% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 25401 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 33.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 25401, expect to pay close to the asking price. 76.9% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in 25401 in April 2024, down by 23.5% month-over-month. Of the 13 sold homes, 8% were sold under asking, 77% were sold at asking, and 15% were sold over asking.
Days on Market for 25401, WV
How long does it take to sell a home in 25401, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 19 Days | -24.4% |
Summary: Homes in 25401 had an average of 19 days on market in Apr 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 25401 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in 25401; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
