Is Ripley, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Ripley has remained a Seller's Market.
Key Takeaway
Ripley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ripley, WV
How much do homes in Ripley, WV cost?
Median Sold Price
$154,750
$104/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Ripley have sold for 9.5% less than they did a month ago.
Summary: The median home sold price in Ripley was $154,750 in April 2024, down 9.5% from last month, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $127K | N/A |
| 2 Bedrooms | $132K | $180K | +36.4% |
| 3 Bedrooms | $210K | $149.5K | -28.8% |
| 4 Bedrooms | - | $212.5K | N/A |
| 5+ Bedrooms | - | $350K | N/A |
Summary: Ripley housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 28.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Ripley, WV
How many homes are available in Ripley, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The Ripley real estate market had 20 homes for sale in April 2024, a 11.1% 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 | 2 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ripley 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ripley, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Ripley in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Ripley, WV
How long does it take to sell a home in Ripley, WV?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 51 Days | +300.0% |
Summary: Homes in Ripley had an average of 51 days on market in Apr 2024, up by 300% compared to last month.
Breakdown of Home Sale Times
5 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 Ripley are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Ripley; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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