Is Western, 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, Western has remained a Seller's Market.
Housing Prices in Western, WV
How much do homes in Western, WV cost?
Median Sold Price
$210,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Western was $210,000 in March 2024, down 2.3% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $199K | $150K | -24.6% |
3 Bedrooms | $201.7K | $186K | -7.8% |
4 Bedrooms | $215K | $287.5K | +33.7% |
5+ Bedrooms | $498K | $290K | -41.8% |
Summary: Western 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 decreased by 24.6%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 33.7%, and 5+ bedroom homes decreased by 41.8%.
Median Sold Price Compared To Nearby Cities
Eastern | $165K | $178K | +7.9% |
Ripley | $148.5K | $155.7K | +4.9% |
Western | $215K | $210K | -2.3% |
Housing Supply in Western, WV
How many homes are available in Western, WV?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Summary: The Western real estate market had 10 homes for sale in March 2024, a 16.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Western housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Western in March 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Western, WV
How long does it take to sell a home in Western, WV?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 79 Days | +24.0% |
Summary: Homes in Western had an average of 79 days on market in Mar 2024, up by 24% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Western; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.