Is 25541, 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, 25541 has remained a Seller's Market.
Key Takeaway
25541 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 25541, WV
How much do homes in 25541, WV cost?
Median Sold Price
$250,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 25541 have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in 25541 was $250,000 in April 2024, up 11.1% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $34K | - | N/A |
| 2 Bedrooms | $117.2K | $151.5K | +29.2% |
| 3 Bedrooms | $215K | $288K | +34.0% |
| 4 Bedrooms | $325K | $220K | -32.3% |
| 5+ Bedrooms | $1.0M | $297K | -71.0% |
Summary: 25541 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 increased by 29.2%, 3 bedroom homes increased by 34%, 4 bedroom homes decreased by 32.3%, and 5+ bedroom homes decreased by 71%.
Median Sold Price Compared To Nearby Zip Codes
| 25541 | $225K | $250K | +11.1% |
| 25510 | $211.7K | $219.5K | +3.7% |
| 25526 | $280.2K | $270K | -3.7% |
Housing Supply in 25541, WV
How many homes are available in 25541, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Summary: The 25541 real estate market had 13 homes for sale in April 2024, a 23.5% decrease 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The 25541 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 20%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 25541, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 25541 in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 25541, WV
How long does it take to sell a home in 25541, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 31 Days | +54.9% |
Summary: Homes in 25541 had an average of 31 days on market in Apr 2024, up by 54.9% compared to last year.
Breakdown of Home Sale Times
4 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 25541 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in 25541; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
