Is 25427, 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, 25427 was a Neutral Market.
Key Takeaway
25427 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 25427, WV
How much do homes in 25427, WV cost?
Median Sold Price
$288,266
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 25427 have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in 25427 was $288,266 in March 2024, up 15.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177K | $164K | -7.3% |
| 2 Bedrooms | $207K | $250K | +20.8% |
| 3 Bedrooms | $279.9K | $285K | +1.8% |
| 4 Bedrooms | $326.6K | $342.9K | +5.0% |
| 5+ Bedrooms | $552.9K | $412.2K | -25.5% |
Summary: 25427 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 25.5%.
Housing Supply in 25427, WV
How many homes are available in 25427, WV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 184 | 191 | +3.8% |
Summary: The 25427 real estate market had 191 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 24 | 26 | +8.3% |
| 3 Bedrooms | 110 | 112 | +1.8% |
| 4 Bedrooms | 37 | 39 | +5.4% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The 25427 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 25427, expect to pay close to the asking price. 52% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in 25427 in March 2024, down by 16.7% month-over-month. Of the 25 sold homes, 24% were sold under asking, 52% were sold at asking, and 24% were sold over asking.
Days on Market for 25427, WV
How long does it take to sell a home in 25427, WV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 22 Days | -37.7% |
Summary: Homes in 25427 had an average of 22 days on market in Mar 2024, down by 37.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 25427 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in 25427; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
