Is Ranson, 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, Ranson was a Neutral Market.
Key Takeaway
Ranson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ranson, WV
How much do homes in Ranson, WV cost?
Median Sold Price
$294,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ranson have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Ranson was $294,500 in March 2024, up 10.7% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | - | N/A |
| 2 Bedrooms | $173.5K | $225K | +29.7% |
| 3 Bedrooms | $262.9K | $285K | +8.4% |
| 4 Bedrooms | $373K | $396.5K | +6.3% |
| 5+ Bedrooms | $446K | $384.5K | -13.8% |
Summary: Ranson housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.7%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 13.8%.
Median Sold Price Compared To Nearby Cities
| Ranson | $266K | $294.5K | +10.7% |
| Charles Town | $363.5K | $383K | +5.4% |
| Kearneysville | $366K | $382.5K | +4.5% |
| Middleway | $380K | $390K | +2.6% |
Housing Supply in Ranson, WV
How many homes are available in Ranson, WV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 51 | -3.8% |
Summary: The Ranson real estate market had 51 homes for sale in March 2024, a 3.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 30 | 27 | -10.0% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Ranson housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ranson, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Ranson in March 2024, the same as the previous month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Ranson, WV
How long does it take to sell a home in Ranson, WV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 28 Days | +15.5% |
Summary: Homes in Ranson had an average of 28 days on market in Mar 2024, up by 15.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ranson are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Ranson; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
