Is 25401, 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, 25401 was a Seller's Market.
Key Takeaway
25401 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 25401, WV
How much do homes in 25401, WV cost?
Median Sold Price
$239,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 25401 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 25401 was $239,000 in May 2024, up 4.8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131K | - | N/A |
| 2 Bedrooms | $165K | $175K | +6.1% |
| 3 Bedrooms | $222K | $235K | +5.9% |
| 4 Bedrooms | $301K | $282K | -6.3% |
| 5+ Bedrooms | $345K | $347.5K | +0.7% |
Summary: 25401 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 6.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 0.7%.
Housing Supply in 25401, WV
How many homes are available in 25401, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 65 | +16.1% |
Summary: The 25401 real estate market had 65 homes for sale in May 2024, a 16.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 40 | 45 | +12.5% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 25401 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 increased by 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 25401, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in 25401 in May 2024, down by 23.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for 25401, WV
How long does it take to sell a home in 25401, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 26 Days | -11.6% |
Summary: Homes in 25401 had an average of 26 days on market in May 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 25401 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in 25401; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
