Is Mineral County, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mineral County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Mineral County has remained a Seller's Market.

Key Takeaway

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

How much do homes in Mineral County, WV cost?

Median Sold Price

$161,250

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

-$13,750(-7.9%)

Key Takeaway

Homes in Mineral County have sold for 7.9% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $215K$213K
-0.9%
2 $122.1K$104K
-14.8%
3 $160K$160K
0.0%
4 $250K$222.5K
-11.0%
5+ $255K$234.1K
-8.2%

Median Sold Price Compared To Nearby Counties

Hampshire County
+17.3%
Allegany County
+6.7%
Garrett County
+1.3%
Mineral County
-7.9%

How many homes are available in Mineral County, WV?

Number of Homes For Sale

Sep 2022Oct 2022%
8578-8.2%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 138
-38.5%
3 4241
-2.4%
4 2223
+4.5%
5+ 75
-28.6%

Number of Homes Sold

Sep 2022Oct 2022%
2419-20.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mineral County, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
58 Days21 Days-63.0%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Mineral County, WV

Number of homes for sale in Mineral County, WV real estate market have reached 78. Between September 2022 and October 2022, Mineral County, WV real estate market has seen decrease in the number of listings by 8.2%. In October 2022, listings were on the market for 21 days. During the same period, the median list price in this real estate market was $161,250. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties prices decreased by 0.9%, prices of 2 bedrooms properties decreased by 14.8%, the cost of 3 bedrooms properties have not changed, the cost of 4 bedrooms properties went down by 11%, the cost of 5 bedrooms properties went down by 8.2%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, 2 bedrooms homes inventory decreased by 38.5%, number of 3 bedrooms homes decreased by 2.4%, 4 bedrooms homes became 4.5% more available, 5 bedrooms homes inventory decreased by 28.6%. In October 2022 more than 5 listings in Mineral County, WV were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 10 were sold below.

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