Is Wood County, 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, 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.
Housing Prices in Wood County, WV
How much do homes in Wood County, WV cost?
Median Sold Price
$160,000
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wood County have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Wood County was $160,000 in March 2024, up 2.8% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58.4K | $161.5K | +176.3% |
| 2 Bedrooms | $107.5K | $119.5K | +11.2% |
| 3 Bedrooms | $155K | $158.8K | +2.5% |
| 4 Bedrooms | $203.2K | $218K | +7.3% |
| 5+ Bedrooms | $302.5K | $285K | -5.8% |
Summary: Wood County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 176.3%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Counties
| Pleasants County | $141.7K | $168.9K | +19.2% |
| Washington County | $171.9K | $190.3K | +10.7% |
| Wood County | $155.6K | $160K | +2.8% |
Housing Supply in Wood County, WV
How many homes are available in Wood County, WV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 216 | 252 | +16.7% |
Summary: The Wood County real estate market had 252 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 26 | 21 | -19.2% |
| 3 Bedrooms | 114 | 134 | +17.5% |
| 4 Bedrooms | 45 | 62 | +37.8% |
| 5+ Bedrooms | 30 | 34 | +13.3% |
Summary: The Wood County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 37.8%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 43 | +2.4% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wood County, you may be able to get a good deal. 69.8% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in Wood County in March 2024, up by 2.4% month-over-month. Of the 43 sold homes, 70% were sold under asking, 16% were sold at asking, and 14% were sold over asking.
Days on Market for Wood County, WV
How long does it take to sell a home in Wood County, WV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 81 Days | 70 Days | -13.4% |
Summary: Homes in Wood County had an average of 70 days on market in Mar 2024, down by 13.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wood County has remained consistent over time.
Summary: During March 2024, 43 homes were sold in Wood County; 33% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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