Is Lubeck, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lubeck has remained a Seller's Market.
Key Takeaway
Lubeck is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lubeck, WV
How much do homes in Lubeck, WV cost?
Median Sold Price
$218,500
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lubeck have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Lubeck was $218,500 in April 2024, up 9.3% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $87.4K | $120K | +37.2% |
| 3 Bedrooms | $179K | $206K | +15.1% |
| 4 Bedrooms | $330K | $269.5K | -18.3% |
| 5+ Bedrooms | $265K | $323K | +21.9% |
Summary: Lubeck housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.2%, 3 bedroom homes increased by 15.1%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes increased by 21.9%.
Median Sold Price Compared To Nearby Cities
| Lubeck | $200K | $218.5K | +9.3% |
| Belpre Township | $177.5K | $194K | +9.3% |
| Belpre | $177.4K | $190K | +7.1% |
| Tygart | $133K | $140.1K | +5.4% |
Housing Supply in Lubeck, WV
How many homes are available in Lubeck, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 37 | +5.7% |
Summary: The Lubeck real estate market had 37 homes for sale in April 2024, a 5.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Lubeck housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lubeck, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Lubeck in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Lubeck, WV
How long does it take to sell a home in Lubeck, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 110 Days | +58.7% |
Summary: Homes in Lubeck had an average of 110 days on market in Apr 2024, up by 58.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lubeck has remained consistent over time.
Summary: During April 2024, 7 homes were sold in Lubeck; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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