Is Moorefield, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Moorefield has remained a Buyer's Market.
Key Takeaway
Moorefield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Moorefield, WV
How much do homes in Moorefield, WV cost?
Median Sold Price
$195,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Moorefield have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Moorefield was $195,000 in April 2024, up 0.5% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | $90K | $200K | +122.2% |
| 3 Bedrooms | $174.2K | $197.5K | +13.3% |
| 4 Bedrooms | $250K | $185K | -26.0% |
| 5+ Bedrooms | $235.7K | $339.9K | +44.2% |
Summary: Moorefield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 122.2%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 26%, and 5+ bedroom homes increased by 44.2%.
Median Sold Price Compared To Nearby Cities
| Old Fields | $180K | $265K | +47.2% |
| Moorefield | $194K | $195K | 0.5% |
Housing Supply in Moorefield, WV
How many homes are available in Moorefield, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Moorefield real estate market had 16 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Moorefield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moorefield, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Moorefield in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Moorefield, WV
How long does it take to sell a home in Moorefield, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 2 Days | 35 Days | +1650.0% |
Summary: Homes in Moorefield had an average of 35 days on market in Apr 2024, up by 1650% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Moorefield has remained consistent over time.
Summary: During April 2024, 1 homes were sold in Moorefield; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
