Is 25425, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 25425 was a Buyer's Market.
Key Takeaway
25425 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 25425, WV
How much do homes in 25425, WV cost?
Median Sold Price
$360,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 25425 have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in 25425 was $360,000 in March 2024, up 4.7% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $50K | -76.2% |
| 2 Bedrooms | $215K | $280K | +30.2% |
| 3 Bedrooms | $337K | $350.9K | +4.1% |
| 4 Bedrooms | $469.9K | $492.5K | +4.8% |
| 5+ Bedrooms | $450K | $555K | +23.3% |
Summary: 25425 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 76.2%, 2 bedroom homes increased by 30.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 23.3%.
Housing Supply in 25425, WV
How many homes are available in 25425, WV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 79 | 92 | +16.5% |
Summary: The 25425 real estate market had 92 homes for sale in March 2024, a 16.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 37 | 43 | +16.2% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 25425 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 17 | +70.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 25425, expect to pay close to the asking price. 41.2% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in 25425 in March 2024, up by 70.0% month-over-month. Of the 17 sold homes, 24% were sold under asking, 41% were sold at asking, and 35% were sold over asking.
Days on Market for 25425, WV
How long does it take to sell a home in 25425, WV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -17.6% |
Summary: Homes in 25425 had an average of 22 days on market in Mar 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 25425 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in 25425; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
