Is Parkersburg, 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, Parkersburg has remained a Seller's Market.
Key Takeaway
Parkersburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Parkersburg, WV
How much do homes in Parkersburg, WV cost?
Median Sold Price
$145,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Parkersburg have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Parkersburg was $145,000 in April 2024, up 6.9% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.9K | $153K | +178.7% |
| 2 Bedrooms | $89.9K | $115K | +27.9% |
| 3 Bedrooms | $140K | $141K | +0.7% |
| 4 Bedrooms | $187K | $198K | +5.9% |
| 5+ Bedrooms | $235K | $266K | +13.2% |
Summary: Parkersburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 178.7%, 2 bedroom homes increased by 27.9%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 13.2%.
Housing Supply in Parkersburg, WV
How many homes are available in Parkersburg, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 134 | 145 | +8.2% |
Summary: The Parkersburg real estate market had 145 homes for sale in April 2024, a 8.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 18 | +80.0% |
| 3 Bedrooms | 72 | 73 | +1.4% |
| 4 Bedrooms | 36 | 37 | +2.8% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Parkersburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 29 | -3.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parkersburg, you may be able to get a good deal. 75.9% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Parkersburg in April 2024, down by 3.3% month-over-month. Of the 29 sold homes, 76% were sold under asking, 14% were sold at asking, and 10% were sold over asking.
Days on Market for Parkersburg, WV
How long does it take to sell a home in Parkersburg, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 74 Days | 91 Days | +23.2% |
Summary: Homes in Parkersburg had an average of 91 days on market in Apr 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Parkersburg are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 29 homes were sold in Parkersburg; 24% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
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