Is Parkersburg, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Parkersburg has remained a Seller's Market.
Key Takeaway
Parkersburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Parkersburg, WV
How much do homes in Parkersburg, WV cost?
Median Sold Price
$141,533
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Parkersburg have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Parkersburg was $141,533 in March 2024, up 2.9% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.9K | $153K | +178.7% |
| 2 Bedrooms | $91K | $110K | +20.9% |
| 3 Bedrooms | $140K | $140K | 0.0% |
| 4 Bedrooms | $187K | $194K | +3.7% |
| 5+ Bedrooms | $235K | $235K | 0.0% |
Summary: Parkersburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 178.7%, 2 bedroom homes increased by 20.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes did not change.
Housing Supply in Parkersburg, WV
How many homes are available in Parkersburg, WV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 123 | 138 | +12.2% |
Summary: The Parkersburg real estate market had 138 homes for sale in March 2024, a 12.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 9 | -47.1% |
| 3 Bedrooms | 62 | 74 | +19.4% |
| 4 Bedrooms | 27 | 33 | +22.2% |
| 5+ Bedrooms | 17 | 22 | +29.4% |
Summary: The Parkersburg housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 47.1%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Asking Price vs. Sold Price
22 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 Parkersburg, you may be able to get a good deal. 75.9% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Parkersburg in March 2024, up by 16.0% month-over-month. Of the 29 sold homes, 76% were sold under asking, 10% were sold at asking, and 14% were sold over asking.
Days on Market for Parkersburg, WV
How long does it take to sell a home in Parkersburg, WV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 76 Days | 75 Days | -1.1% |
Summary: Homes in Parkersburg had an average of 75 days on market in Mar 2024, down by 1.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Parkersburg has remained consistent over time.
Summary: During March 2024, 29 homes were sold in Parkersburg; 28% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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