Is Old Fields, 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, Old Fields has remained a Seller's Market.
Key Takeaway
Old Fields is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old Fields, WV
How much do homes in Old Fields, WV cost?
Median Sold Price
$265,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Old Fields have sold for 47.2% more than they did a year ago.
Summary: The median home sold price in Old Fields was $265,000 in April 2024, up 47.2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $234.9K | +88.0% |
| 2 Bedrooms | $158K | $351.2K | +122.3% |
| 3 Bedrooms | $168.5K | $210K | +24.6% |
| 4 Bedrooms | $250K | $220K | -12.0% |
| 5+ Bedrooms | $235.7K | $330K | +40.0% |
Summary: Old Fields housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 88%, 2 bedroom homes increased by 122.3%, 3 bedroom homes increased by 24.6%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 40%.
Median Sold Price Compared To Nearby Cities
| Old Fields | $180K | $265K | +47.2% |
| Moorefield | $194K | $195K | 0.5% |
Housing Supply in Old Fields, WV
How many homes are available in Old Fields, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The Old Fields real estate market had 10 homes for sale in April 2024, a 42.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Old Fields 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Fields, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Old Fields in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Old Fields, WV
How long does it take to sell a home in Old Fields, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 20 Days | -46.7% |
Summary: Homes in Old Fields had an average of 20 days on market in Apr 2024, down by 46.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Old Fields are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Old Fields; 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.
