Is Ranson, 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, Ranson has remained a Seller's Market.
Key Takeaway
Ranson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ranson, WV
How much do homes in Ranson, WV cost?
Median Sold Price
$294,500
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ranson have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Ranson was $294,500 in April 2024, up 8.7% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | - | N/A |
| 2 Bedrooms | $172K | $225K | +30.8% |
| 3 Bedrooms | $263.9K | $285K | +8.0% |
| 4 Bedrooms | $342.5K | $410K | +19.7% |
| 5+ Bedrooms | $445K | $379K | -14.8% |
Summary: Ranson 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 30.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes decreased by 14.8%.
Median Sold Price Compared To Nearby Cities
| Ranson | $270.9K | $294.5K | +8.7% |
| Charles Town | $360K | $385.6K | +7.1% |
| Kearneysville | $372.4K | $384K | +3.1% |
| Middleway | $380K | $390K | +2.6% |
Housing Supply in Ranson, WV
How many homes are available in Ranson, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 40 | +5.3% |
Summary: The Ranson real estate market had 40 homes for sale in April 2024, a 5.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ranson 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 decreased by 66.7%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ranson, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Ranson in April 2024, the same as the previous month. Of the 10 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Ranson, WV
How long does it take to sell a home in Ranson, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 56 Days | +267.9% |
Summary: Homes in Ranson had an average of 56 days on market in Apr 2024, up by 267.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ranson are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Ranson; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
