Is Bloomery, 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, Bloomery was a Buyer's Market.
Key Takeaway
Bloomery is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bloomery, WV
How much do homes in Bloomery, WV cost?
Median Sold Price
$225,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bloomery have sold for 18.2% less than they did a year ago.
Summary: The median home sold price in Bloomery was $225,000 in March 2024, down 18.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $95.5K | N/A |
| 2 Bedrooms | $202.4K | $212.5K | +5.0% |
| 3 Bedrooms | $300K | $263.4K | -12.2% |
| 4 Bedrooms | $349.9K | $290K | -17.1% |
| 5+ Bedrooms | $585K | - | N/A |
Summary: Bloomery housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Paw Paw | $150K | $175K | +16.7% |
| Cross Junction | $374.9K | $385K | +2.7% |
| Bloomery | $275K | $225K | -18.2% |
Housing Supply in Bloomery, WV
How many homes are available in Bloomery, WV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 36 | 0.0% |
Summary: The Bloomery real estate market had 36 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Bloomery housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bloomery, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Bloomery in March 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Bloomery, WV
How long does it take to sell a home in Bloomery, WV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 224 Days | 60 Days | -73.0% |
Summary: Homes in Bloomery had an average of 60 days on market in Mar 2024, down by 73% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bloomery are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Bloomery; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
