Is Kabletown, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kabletown is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Kabletown was a Buyer's Market.

Key Takeaway

Kabletown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kabletown, WV

How much do homes in Kabletown, WV cost?

Median Sold Price

$376,022

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$8,777(-2.3%)

Key Takeaway

Homes in Kabletown have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in Kabletown was $376,022 in February 2024, down 2.3% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$387.5K
N/A
2 $240K$257.5K
+7.3%
3 $349.9K$355K
+1.4%
4 $449.5K$467.5K
+4.0%
5+ $499K$465.2K
-6.8%

Summary: Kabletown housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 6.8%.

Median Sold Price Compared To Nearby Cities

Charles Town
+2.8%
Middleway
+2.6%
Kearneysville
+2.5%
Kabletown
-2.3%

Housing Supply in Kabletown, WV

How many homes are available in Kabletown, WV?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
9289-3.3%

Summary: The Kabletown real estate market had 89 homes for sale in February 2024, a 3.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 4243
+2.4%
4 4035
-12.5%
5+ 33
0.0%

Summary: The Kabletown 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 increased by 14.3%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1117+54.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kabletown, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Kabletown in February 2024, up by 54.5% month-over-month. Of the 17 sold homes, 41% were sold under asking, 41% were sold at asking, and 18% were sold over asking.

Days on Market for Kabletown, WV

How long does it take to sell a home in Kabletown, WV?

Average Sale Time

Feb 2023Feb 2024CHANGE
57 Days32 Days-44.0%

Summary: Homes in Kabletown had an average of 32 days on market in Feb 2024, down by 44% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kabletown are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 17 homes were sold in Kabletown; 76% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Kabletown, WV

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