Is Buffalo-Union, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Buffalo-Union has remained a Seller's Market.
Housing Prices in Buffalo-Union, WV
How much do homes in Buffalo-Union, WV cost?
Median Sold Price
$230,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Buffalo-Union was $230,000 in February 2024, down 4.2% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $38K | $125K | +228.9% |
2 Bedrooms | - | $205K | N/A |
3 Bedrooms | $223K | $190K | -14.8% |
4 Bedrooms | $330K | $333.5K | +1.1% |
5+ Bedrooms | $370K | $377.5K | +2.0% |
Summary: Buffalo-Union housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 228.9%, 2 bedroom homes did not change, 3 bedroom homes decreased by 14.8%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
Pocatalico | $160K | $200K | +25.0% |
Buffalo-Union | $240K | $230K | -4.2% |
Housing Supply in Buffalo-Union, WV
How many homes are available in Buffalo-Union, WV?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Summary: The Buffalo-Union real estate market had 17 homes for sale in February 2024, a 30.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Buffalo-Union housing inventory by bedroom type for February 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 50%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
0 | 5 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Buffalo-Union in February 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Buffalo-Union, WV
How long does it take to sell a home in Buffalo-Union, WV?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
35 Days | 2 Days | -92.1% |
Summary: Homes in Buffalo-Union had an average of 2 days on market in Feb 2024, down by 92.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Buffalo-Union; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.