Is Mineral County, 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, Mineral County was a Neutral Market.
Key Takeaway
Mineral County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mineral County, WV
How much do homes in Mineral County, WV cost?
Median Sold Price
$188,550
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mineral County have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in Mineral County was $188,550 in March 2024, up 18.2% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231.5K | $187.4K | -19.0% |
| 2 Bedrooms | $117.4K | $116K | -1.2% |
| 3 Bedrooms | $161K | $194.5K | +20.8% |
| 4 Bedrooms | $225K | $217.5K | -3.3% |
| 5+ Bedrooms | $196.5K | $395K | +101.0% |
Summary: Mineral County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 20.8%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 101%.
Median Sold Price Compared To Nearby Counties
| Hampshire County | $210K | $249.9K | +19.0% |
| Mineral County | $159.5K | $188.5K | +18.2% |
| Garrett County | $420K | $459.8K | +9.5% |
| Allegany County | $134.9K | $135.4K | 0.4% |
Housing Supply in Mineral County, WV
How many homes are available in Mineral County, WV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 97 | 101 | +4.1% |
Summary: The Mineral County real estate market had 101 homes for sale in March 2024, a 4.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 48 | 51 | +6.3% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Mineral County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mineral County, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Mineral County in March 2024, up by 30.0% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for Mineral County, WV
How long does it take to sell a home in Mineral County, WV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 48 Days | +69.2% |
Summary: Homes in Mineral County had an average of 48 days on market in Mar 2024, up by 69.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mineral County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Mineral County; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
