Is 25705, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 25705 has remained a Seller's Market.
Key Takeaway
25705 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 25705, WV
How much do homes in 25705, WV cost?
Median Sold Price
$280,000
$108/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 25705 have sold for 64.7% more than they did a month ago.
Summary: The median home sold price in 25705 was $280,000 in April 2024, up 64.7% from last month, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $25K | $149K | +495.7% |
| 3 Bedrooms | $142.5K | $145K | +1.7% |
| 4 Bedrooms | $213.7K | $312.5K | +46.2% |
| 5+ Bedrooms | - | $605K | N/A |
Summary: 25705 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 495.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 25705 | $170K | $280K | +64.7% |
| 25701 | $216K | $243.4K | +12.7% |
Housing Supply in 25705, WV
How many homes are available in 25705, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The 25705 real estate market had 21 homes for sale in April 2024, a 4.5% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 25705 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 increased by 25%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 25705, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 25705 in April 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for 25705, WV
How long does it take to sell a home in 25705, WV?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 37 Days | -16.5% |
Summary: Homes in 25705 had an average of 37 days on market in Apr 2024, down by 16.5% compared to last month.
Breakdown of Home Sale Times
5 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 25705 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in 25705; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
