Is Boone County, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Boone County was a Buyer's Market.
Key Takeaway
Boone County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Boone County, WV
How much do homes in Boone County, WV cost?
Median Sold Price
$164,000
$111/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Boone County have sold for 105% more than they did a month ago.
Summary: The median home sold price in Boone County was $164,000 in March 2024, up 105% from last month, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $43.5K | - | N/A |
| 3 Bedrooms | $125K | $141.2K | +13.0% |
| 4 Bedrooms | - | $194K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Boone County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Boone County, WV
How many homes are available in Boone County, WV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 32 | +33.3% |
Summary: The Boone County real estate market had 32 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 8 | 13 | +62.5% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Boone County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boone County, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Boone County in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Boone County, WV
How long does it take to sell a home in Boone County, WV?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 71 Days | 30 Days | -56.6% |
Summary: Homes in Boone County had an average of 30 days on market in Mar 2024, down by 56.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boone County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Boone County; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
