Is Valley, 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, Valley has remained a Buyer's Market.
Housing Prices in Valley, WV
How much do homes in Valley, WV cost?
Median Sold Price
$299,900
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Valley was $299,900 in March 2024, up 8% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $180K | -2.7% |
2 Bedrooms | $210K | $245K | +16.7% |
3 Bedrooms | $280K | $285K | +1.8% |
4 Bedrooms | $399.9K | $361.9K | -9.5% |
5+ Bedrooms | $647.2K | $415.5K | -35.8% |
Summary: Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 35.8%.
Median Sold Price Compared To Nearby Cities
Hedgesville | $259K | $299.2K | +15.6% |
Tuscarora | $272.5K | $306.1K | +12.4% |
Adam Stephens | $201.4K | $221K | +9.7% |
Valley | $277.7K | $299.9K | +8.0% |
Norborne | $315K | $334.9K | +6.3% |
Housing Supply in Valley, WV
How many homes are available in Valley, WV?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
166 | 175 | +5.4% |
Summary: The Valley real estate market had 175 homes for sale in March 2024, a 5.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 18 | 20 | +11.1% |
3 Bedrooms | 87 | 92 | +5.7% |
4 Bedrooms | 48 | 50 | +4.2% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 18 | -35.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Valley in March 2024, down by 35.7% month-over-month. Of the 18 sold homes, 39% were sold under asking, 44% were sold at asking, and 17% were sold over asking.
Days on Market for Valley, WV
How long does it take to sell a home in Valley, WV?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 26 Days | +18.2% |
Summary: Homes in Valley had an average of 26 days on market in Mar 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Valley; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.