Is Wood County, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wood County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Wood County has remained a Seller's Market.

Key Takeaway

Wood County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Wood County, WV cost?

Median Sold Price

$154,714

$94/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$4,714(+3.1%)

Key Takeaway

Homes in Wood County have sold for 3.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $48.1K$52K
+8.1%
2 $97K$100K
+3.1%
3 $147.1K$150.8K
+2.5%
4 $197.5K$206K
+4.3%
5+ $219.5K$289.2K
+31.8%

Median Sold Price Compared To Nearby Counties

Ritchie County
+29.1%
Pleasants County
+9.0%
Wood County
+3.1%
Washington County
+1.6%

How many homes are available in Wood County, WV?

Number of Homes For Sale

Sep 2022Oct 2022%
285261-8.4%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 4633
-28.3%
3 148138
-6.8%
4 6462
-3.1%
5+ 2627
+3.8%

Number of Homes Sold

Sep 2022Oct 2022%
8164-21.0%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wood County, you may be able to get a good deal. 57.8% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
63 Days58 Days-8.7%

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

33 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Wood County has remained consistent over time.

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

About Wood County, WV

There are 261 homes are for sale in Wood County, WV real estate market. Between September 2022 and October 2022, Wood County, WV real estate market has seen decrease in the number of listings by 8.4%. In October 2022, listings were on the market for 58 days. During the same period, the median list price in this real estate market was $154,714. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties became 8.1% more expensive, prices of 2 bedrooms properties increased by 3.1%, prices of 3 bedrooms properties went up by 2.5%, 4 bedrooms properties became 4.3% more expensive, prices of 5 bedrooms properties increased by 31.8%. This housing market inventory have changed: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went down by 28.3%, volume of 3 bedrooms homes went down by 6.8%, the quantity of 4 bedrooms homes went down by 3.1%, 5 bedrooms homes became 3.8% more available. Over 10 listings were sold over their listed price in October 2022 in Wood County, WV. In the same period over 37 listings were sold below the listed price and 17 listings were sold for the listed price.

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