$6,531 Closing Credit*
$550,000
2,364 SqFt
3 Beds
•3 Full Baths
Kimberly J Teska, Listing Office: Coldwell Banker Premier
Is Valley, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Valley has remained a Seller's Market.
Key Takeaway
Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Valley, WV
How much do homes in Valley, WV cost?
Median Sold Price
$303,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$11,000(+3.8%)
Key Takeaway
Homes in Valley have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Valley was $303,000 in August 2024, up 3.8% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164K | $197.5K | +20.4% |
| 2 Bedrooms | $220K | $245K | +11.4% |
| 3 Bedrooms | $292.4K | $295K | +0.9% |
| 4 Bedrooms | $350K | $399.9K | +14.3% |
| 5+ Bedrooms | $600K | $435K | -27.5% |
Summary: Valley housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.4%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 27.5%.
Median Sold Price Compared To Nearby Cities
| Norborne | $324.5K | $354.2K | +9.2% |
| Adam Stephens | $211.2K | $230K | +8.9% |
| Tuscarora | $287.6K | $310K | +7.8% |
| Valley | $292K | $303K | +3.8% |
| Hedgesville | $302.5K | $299.9K | -0.8% |
Housing Supply in Valley, WV
How many homes are available in Valley, WV?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 116 | 130 | +12.1% |
Summary: The Valley real estate market had 130 homes for sale in August 2024, a 12.1% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 54 | 66 | +22.2% |
| 4 Bedrooms | 41 | 40 | -2.4% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Valley housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Valley, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Valley in August 2024, down by 10.3% month-over-month. Of the 26 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 32 Days | 21 Days | -33.2% |
Summary: Homes in Valley had an average of 21 days on market in Aug 2024, down by 33.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Valley are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 26 homes were sold in Valley; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
