Is Middleway, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Middleway was a Seller's Market.
Key Takeaway
Middleway 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 Middleway, WV
How much do homes in Middleway, WV cost?
Median Sold Price
$386,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Middleway have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Middleway was $386,000 in June 2024, up 5.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | - | N/A |
| 2 Bedrooms | $225K | $324.2K | +44.1% |
| 3 Bedrooms | $299K | $313.5K | +4.8% |
| 4 Bedrooms | $510K | $578.9K | +13.5% |
| 5+ Bedrooms | $600K | $484K | -19.3% |
Summary: Middleway housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 19.3%.
Median Sold Price Compared To Nearby Cities
| Ranson | $275K | $299K | +8.7% |
| Middleway | $367K | $386K | +5.2% |
| Kearneysville | $370K | $387.6K | +4.8% |
| Shenandoah | $299.9K | $305K | +1.7% |
Housing Supply in Middleway, WV
How many homes are available in Middleway, WV?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 27 | 39 | +44.4% |
Summary: The Middleway real estate market had 39 homes for sale in June 2024, a 44.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 12 | 19 | +58.3% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Middleway housing inventory by bedroom type for June 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 58.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middleway, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Middleway in June 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Middleway, WV
How long does it take to sell a home in Middleway, WV?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 37 Days | 33 Days | -12.5% |
Summary: Homes in Middleway had an average of 33 days on market in Jun 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middleway are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 6 homes were sold in Middleway; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
