Is South Charleston, 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, South Charleston has remained a Seller's Market.
Key Takeaway
South Charleston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Charleston, WV
How much do homes in South Charleston, WV cost?
Median Sold Price
$170,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Charleston have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in South Charleston was $170,000 in April 2024, up 9.7% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $104.1K | N/A |
| 2 Bedrooms | $102.5K | $120K | +17.1% |
| 3 Bedrooms | $155K | $154.7K | -0.2% |
| 4 Bedrooms | $206.3K | $250K | +21.2% |
| 5+ Bedrooms | $273K | $447.5K | +63.9% |
Summary: South Charleston 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 17.1%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 63.9%.
Median Sold Price Compared To Nearby Cities
| South Charleston | $155K | $170K | +9.7% |
| Charleston | $174.6K | $190.3K | +9.0% |
| Dunbar | $125K | $129.9K | +3.9% |
Housing Supply in South Charleston, WV
How many homes are available in South Charleston, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 50 | +4.2% |
Summary: The South Charleston real estate market had 50 homes for sale in April 2024, a 4.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The South Charleston 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 10%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Charleston, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in South Charleston in April 2024, down by 25.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 44% were sold at asking, and 44% were sold over asking.
Days on Market for South Charleston, WV
How long does it take to sell a home in South Charleston, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 31 Days | +47.2% |
Summary: Homes in South Charleston had an average of 31 days on market in Apr 2024, up by 47.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Charleston are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in South Charleston; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
