Is 25403, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 25403 has remained a Seller's Market.
Key Takeaway
25403 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 25403, WV
How much do homes in 25403, WV cost?
Median Sold Price
$349,995
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 25403 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 25403 was $349,995 in May 2024, up 6.1% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $260K | +20.9% |
| 3 Bedrooms | $289.9K | $299.9K | +3.4% |
| 4 Bedrooms | $400.4K | $379.9K | -5.1% |
| 5+ Bedrooms | $369.5K | $425.9K | +15.3% |
Summary: 25403 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 20.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 15.3%.
Housing Supply in 25403, WV
How many homes are available in 25403, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 90 | 112 | +24.4% |
Summary: The 25403 real estate market had 112 homes for sale in May 2024, a 24.4% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 41 | 49 | +19.5% |
| 4 Bedrooms | 38 | 49 | +28.9% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The 25403 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 remained the same, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 27 | +58.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 25403, expect to pay close to the asking price. 37% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in 25403 in May 2024, up by 58.8% month-over-month. Of the 27 sold homes, 33% were sold under asking, 37% were sold at asking, and 30% were sold over asking.
Days on Market for 25403, WV
How long does it take to sell a home in 25403, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 35 Days | +13.5% |
Summary: Homes in 25403 had an average of 35 days on market in May 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 25403 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 27 homes were sold in 25403; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
