Is Dunbar, 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, Dunbar was a Seller's Market.
Key Takeaway
Dunbar 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 Dunbar, WV
How much do homes in Dunbar, WV cost?
Median Sold Price
$125,000
$100/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in Dunbar has remained the same since last year.
Summary: The median home sold price in Dunbar was $125,000 in March 2024, the same as last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $137K | N/A |
| 2 Bedrooms | $107K | $99.9K | -6.6% |
| 3 Bedrooms | $128.5K | $140K | +8.9% |
| 4 Bedrooms | $149K | $162.5K | +9.1% |
| 5+ Bedrooms | $157.5K | - | N/A |
Summary: Dunbar 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 decreased by 6.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Charleston | $175K | $190.5K | +8.9% |
| South Charleston | $160K | $168.9K | +5.6% |
| Dunbar | $125K | $125K | 0.0% |
Housing Supply in Dunbar, WV
How many homes are available in Dunbar, WV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Summary: The Dunbar real estate market had 27 homes for sale in March 2024, a 35.0% 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 | 5 | 7 | +40.0% |
| 3 Bedrooms | 10 | 15 | +50.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Dunbar 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 increased by 40%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dunbar, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Dunbar in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Dunbar, WV
How long does it take to sell a home in Dunbar, WV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 62 Days | 9 Days | -84.9% |
Summary: Homes in Dunbar had an average of 9 days on market in Mar 2024, down by 84.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dunbar are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Dunbar; 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.
