Is Slate, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Slate was a Seller's Market.
Housing Prices in Slate, WV
How much do homes in Slate, WV cost?
Median Sold Price
$196,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Slate was $196,000 in May 2024, down 4.4% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $168K | - | N/A |
3 Bedrooms | $247.5K | $170.9K | -30.9% |
4 Bedrooms | $294.7K | $280K | -5.0% |
5+ Bedrooms | $344.2K | $282.5K | -17.9% |
Summary: Slate 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 did not change, 3 bedroom homes decreased by 30.9%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 17.9%.
Median Sold Price Compared To Nearby Cities
Tygart | $133K | $140.2K | +5.5% |
Mineral Wells | $210K | $217.2K | +3.4% |
Slate | $205K | $196K | -4.4% |
Housing Supply in Slate, WV
How many homes are available in Slate, WV?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Summary: The Slate real estate market had 10 homes for sale in May 2024, a 9.1% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 9 | 5 | -44.4% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Slate 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 increased by 100%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Slate in May 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Slate, WV
How long does it take to sell a home in Slate, WV?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 140 Days | +205.5% |
Summary: Homes in Slate had an average of 140 days on market in May 2024, up by 205.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Slate; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.