Is Logan County, 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, Logan County has remained a Seller's Market.
Key Takeaway
Logan County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Logan County, WV
How much do homes in Logan County, WV cost?
Median Sold Price
$115,000
$71/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Logan County have sold for 9.8% less than they did a year ago.
Summary: The median home sold price in Logan County was $115,000 in May 2024, down 9.8% from last year, and the median price per square foot was $71.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39.9K | - | N/A |
| 2 Bedrooms | $71.2K | $67.5K | -5.3% |
| 3 Bedrooms | $130K | $141.5K | +8.8% |
| 4 Bedrooms | $204.9K | $152.5K | -25.6% |
| 5+ Bedrooms | $285K | $237.5K | -16.7% |
Summary: Logan County 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 decreased by 5.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 25.6%, and 5+ bedroom homes decreased by 16.7%.
Housing Supply in Logan County, WV
How many homes are available in Logan County, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 28 | -22.2% |
Summary: The Logan County real estate market had 28 homes for sale in May 2024, a 22.2% 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 | 7 | 3 | -57.1% |
| 3 Bedrooms | 21 | 17 | -19.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Logan County 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 57.1%, 3 bedroom homes decreased by 19%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Logan County, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Logan County in May 2024, down by 54.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Logan County, WV
How long does it take to sell a home in Logan County, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 86 Days | 142 Days | +65.3% |
Summary: Homes in Logan County had an average of 142 days on market in May 2024, up by 65.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Logan County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Logan County; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
