Housing Prices in Southwest, WV
How much do homes in Southwest, WV cost?
Median List Price
$189,000
$122/sqft
Based on all homes listed in May 2024.
Difference Since Last Month
Key Takeaway
The list price of homes in Southwest has increased by 51.2% since April.
Summary: The median home list price in Southwest was $189,000 in May 2024, up 51.2% from the previous month, and the median price per square foot was $122.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59.9K | $59.9K | 0.0% |
| 2 Bedrooms | $87.5K | $87.5K | 0.0% |
| 3 Bedrooms | $125K | $184K | +47.2% |
| 4 Bedrooms | $1.1M | $189K | -84.2% |
| 5+ Bedrooms | - | $299.5K | N/A |
Summary: Southwest housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 47.2%, 4 bedroom homes decreased by 84.2%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Southwest | $125K | $189K | +51.2% |
| Salem | $121.5K | $182K | +49.8% |
| Salem | $121.5K | $175K | +44.0% |
| West Milford | $310K | $310K | 0.0% |
Housing Supply in Southwest, WV
How many homes are available in Southwest, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 25 | +66.7% |
Summary: The Southwest real estate market had 25 homes for sale in May 2024, a 66.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 16 | +77.8% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Southwest 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 remained the same, 3 bedroom homes increased by 77.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Days on Market for Southwest, WV
How long does it take to sell a home in Southwest, WV?
Average Listing Age
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 Days | 64 Days | -6.0% |
Summary: Homes in Southwest had an average listing age of 64 days in May 2024, down by 6% compared to the previous month.
