Is 25071, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 25071 was a Seller's Market.
Key Takeaway
25071 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 25071, WV
How much do homes in 25071, WV cost?
Median Sold Price
$215,000
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 25071 have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in 25071 was $215,000 in May 2024, up 14.7% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | - | N/A |
| 2 Bedrooms | $76.9K | $145K | +88.3% |
| 3 Bedrooms | $180.5K | $192.5K | +6.6% |
| 4 Bedrooms | $250K | $255K | +2.0% |
| 5+ Bedrooms | $310K | $305K | -1.6% |
Summary: 25071 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 88.3%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Zip Codes
| 25071 | $187.5K | $215K | +14.7% |
| 25045 | $152.5K | $155K | +1.6% |
| 25320 | $163.5K | $165K | +0.9% |
| 25311 | $172.8K | $152.5K | -11.7% |
Housing Supply in 25071, WV
How many homes are available in 25071, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The 25071 real estate market had 14 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 25071 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 25071, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 25071 in May 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 25071, WV
How long does it take to sell a home in 25071, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 51 Days | 20 Days | -59.9% |
Summary: Homes in 25071 had an average of 20 days on market in May 2024, down by 59.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 25071 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in 25071; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
