Is 25422, 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, 25422 has remained a Seller's Market.
Key Takeaway
25422 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 25422, WV
How much do homes in 25422, WV cost?
Median Sold Price
$270,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 25422 have sold for 17.9% less than they did a year ago.
Summary: The median home sold price in 25422 was $270,000 in April 2024, down 17.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166.5K | $220K | +32.1% |
| 2 Bedrooms | $251K | $217.5K | -13.3% |
| 3 Bedrooms | $357.5K | $289.9K | -18.9% |
| 4 Bedrooms | $450K | $319.5K | -29.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: 25422 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.1%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes decreased by 29%, and 5+ bedroom homes did not change.
Housing Supply in 25422, WV
How many homes are available in 25422, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The 25422 real estate market had 16 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 25422 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 25422, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 25422 in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 25422, WV
How long does it take to sell a home in 25422, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 6 Days | -36.5% |
Summary: Homes in 25422 had an average of 6 days on market in Apr 2024, down by 36.5% compared to last year.
Breakdown of Home Sale Times
3 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 25422 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in 25422; 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.
