Is Chapmanville, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chapmanville has remained a Seller's Market.
Key Takeaway
Chapmanville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chapmanville, WV
How much do homes in Chapmanville, WV cost?
Median Sold Price
$175,000
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chapmanville have sold for 9.7% less than they did a year ago.
Summary: The median home sold price in Chapmanville was $175,000 in May 2024, down 9.7% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $71.5K | $82.5K | +15.4% |
| 3 Bedrooms | $170K | $169K | -0.6% |
| 4 Bedrooms | $250K | $293K | +17.2% |
| 5+ Bedrooms | $495K | $399.9K | -19.2% |
Summary: Chapmanville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 19.2%.
Housing Supply in Chapmanville, WV
How many homes are available in Chapmanville, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Summary: The Chapmanville real estate market had 8 homes for sale in May 2024, a 38.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Chapmanville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chapmanville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Chapmanville in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Chapmanville, WV
How long does it take to sell a home in Chapmanville, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 159 Days | +525.5% |
Summary: Homes in Chapmanville had an average of 159 days on market in May 2024, up by 525.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chapmanville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Chapmanville; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
