Is Lubeck, 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, Lubeck was a Seller's Market.
Key Takeaway
Lubeck is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lubeck, WV
How much do homes in Lubeck, WV cost?
Median Sold Price
$216,500
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lubeck have sold for 11% more than they did a year ago.
Summary: The median home sold price in Lubeck was $216,500 in March 2024, up 11% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $85K | $115.5K | +35.9% |
| 3 Bedrooms | $178K | $208K | +16.9% |
| 4 Bedrooms | $286K | $294K | +2.8% |
| 5+ Bedrooms | $265K | $286.4K | +8.1% |
Summary: Lubeck 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 increased by 35.9%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Washington | $206.7K | $239K | +15.6% |
| Lubeck | $195K | $216.5K | +11.0% |
| Belpre Township | $178.7K | $194.5K | +8.8% |
| Belpre | $177.4K | $193K | +8.8% |
| Tygart | $133K | $140K | +5.3% |
Housing Supply in Lubeck, WV
How many homes are available in Lubeck, WV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 35 | +25.0% |
Summary: The Lubeck real estate market had 35 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Lubeck 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 100%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
3 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 Lubeck, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lubeck in March 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lubeck, WV
How long does it take to sell a home in Lubeck, WV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 72 Days | +72.1% |
Summary: Homes in Lubeck had an average of 72 days on market in Mar 2024, up by 72.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lubeck has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Lubeck; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.