Is Ranson, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ranson is a neutral's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Ranson was a Buyer's Market.

Key Takeaway

Ranson is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Ranson, WV

How much do homes in Ranson, WV cost?

Median Sold Price

$285,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$13,000(+4.8%)

Key Takeaway

Homes in Ranson have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Ranson was $285,000 in January 2024, up 4.8% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $135K-
N/A
2 $176.7K$224.9K
+27.3%
3 $265K$275K
+3.8%
4 $389K$410K
+5.4%
5+ $446K$397.5K
-10.9%

Summary: Ranson housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 10.9%.

Median Sold Price Compared To Nearby Cities

Ranson
+4.8%
Kearneysville
+2.5%
Charles Town
0.1%
Middleway
-7.5%

Housing Supply in Ranson, WV

How many homes are available in Ranson, WV?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
4549+8.9%

Summary: The Ranson real estate market had 49 homes for sale in January 2024, a 8.9% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 2429
+20.8%
4 1315
+15.4%
5+ 21
-50.0%

Summary: The Ranson housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ranson, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Ranson in January 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% 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

Jan 2023Jan 2024CHANGE
18 Days40 Days+124.3%

Summary: Homes in Ranson had an average of 40 days on market in Jan 2024, up by 124.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ranson are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 8 homes were sold in Ranson; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Ranson, WV

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