Is 25443, 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, 25443 was a Seller's Market.
Key Takeaway
25443 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 25443, WV
How much do homes in 25443, WV cost?
Median Sold Price
$466,430
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 25443 have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in 25443 was $466,430 in May 2024, down 3.6% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $275K | +61.8% |
| 2 Bedrooms | $325K | $360K | +10.8% |
| 3 Bedrooms | $480K | $370K | -22.9% |
| 4 Bedrooms | $480K | $535K | +11.5% |
| 5+ Bedrooms | $567.2K | $714.9K | +26.0% |
Summary: 25443 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.8%, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 22.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 26%.
Housing Supply in 25443, WV
How many homes are available in 25443, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 30 | -11.8% |
Summary: The 25443 real estate market had 30 homes for sale in May 2024, a 11.8% decrease 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 | 10 | 11 | +10.0% |
| 4 Bedrooms | 18 | 14 | -22.2% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 25443 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 10%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 25443, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 25443 in May 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 25443, WV
How long does it take to sell a home in 25443, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 80 Days | +251.2% |
Summary: Homes in 25443 had an average of 80 days on market in May 2024, up by 251.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 25443 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in 25443; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
