Is Elkview, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Elkview has remained a Seller's Market.
Key Takeaway
Elkview is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elkview, WV
How much do homes in Elkview, WV cost?
Median Sold Price
$242,500
$126/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Elkview have sold for 11% less than they did a month ago.
Summary: The median home sold price in Elkview was $242,500 in April 2024, down 11% from last month, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $145K | N/A |
| 3 Bedrooms | $237.5K | $292.5K | +23.2% |
| 4 Bedrooms | $350K | $265.4K | -24.2% |
| 5+ Bedrooms | $549K | - | N/A |
Summary: Elkview housing prices by bedroom type for April 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 23.2%, 4 bedroom homes decreased by 24.2%, and 5+ bedroom homes did not change.
Housing Supply in Elkview, WV
How many homes are available in Elkview, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Summary: The Elkview real estate market had 14 homes for sale in April 2024, a 17.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 10 | 6 | -40.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Elkview housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elkview, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Elkview in April 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Elkview, WV
How long does it take to sell a home in Elkview, WV?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 9 Days | -79.4% |
Summary: Homes in Elkview had an average of 9 days on market in Apr 2024, down by 79.4% compared to last month.
Breakdown of Home Sale Times
6 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 Elkview are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Elkview; 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.
