Is 25427, 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, 25427 was a Seller's Market.
Housing Prices in 25427, WV
How much do homes in 25427, WV cost?
Median Sold Price
$289,800
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 25427 was $289,800 in May 2024, up 10.4% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.5K | $172K | +5.8% |
2 Bedrooms | $215.4K | $256K | +18.8% |
3 Bedrooms | $290K | $285K | -1.7% |
4 Bedrooms | $310K | $357.5K | +15.3% |
5+ Bedrooms | $539.9K | $415.5K | -23.1% |
Summary: 25427 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 23.1%.
Housing Supply in 25427, WV
How many homes are available in 25427, WV?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
132 | 146 | +10.6% |
Summary: The 25427 real estate market had 146 homes for sale in May 2024, a 10.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 18 | 23 | +27.8% |
3 Bedrooms | 81 | 86 | +6.2% |
4 Bedrooms | 23 | 27 | +17.4% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 25427 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 20 | -37.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 25427 in May 2024, down by 37.5% month-over-month. Of the 20 sold homes, 45% were sold under asking, 35% were sold at asking, and 20% were sold over asking.
Days on Market for 25427, WV
How long does it take to sell a home in 25427, WV?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 18 Days | -43.5% |
Summary: Homes in 25427 had an average of 18 days on market in May 2024, down by 43.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in 25427; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.