Is Nitro, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Nitro has remained a Seller's Market.
Housing Prices in Nitro, WV
How much do homes in Nitro, WV cost?
Median Sold Price
$135,250
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Nitro was $135,250 in February 2024, up 8.2% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $20K | - | N/A |
2 Bedrooms | $107.7K | $99.9K | -7.3% |
3 Bedrooms | $125K | $145K | +16.0% |
4 Bedrooms | $170K | $222.9K | +31.1% |
5+ Bedrooms | $389.9K | $210K | -46.1% |
Summary: Nitro housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes decreased by 46.1%.
Median Sold Price Compared To Nearby Cities
Poca | $148K | $203K | +37.2% |
Pocatalico | $160K | $200K | +25.0% |
Nitro | $125K | $135.2K | +8.2% |
Scott | $265K | $262K | -1.1% |
Housing Supply in Nitro, WV
How many homes are available in Nitro, WV?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 21 | +31.3% |
Summary: The Nitro real estate market had 21 homes for sale in February 2024, a 31.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 9 | 13 | +44.4% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Nitro housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 44.4%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Nitro in February 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Nitro, WV
How long does it take to sell a home in Nitro, WV?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
47 Days | 6 Days | -85.7% |
Summary: Homes in Nitro had an average of 6 days on market in Feb 2024, down by 85.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Nitro; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.