Is Valley, 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, Valley has remained a Seller's Market.
Key Takeaway
Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Valley, WV
How much do homes in Valley, WV cost?
Median Sold Price
$299,925
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Valley have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Valley was $299,925 in April 2024, up 7.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $180K | -2.7% |
| 2 Bedrooms | $219.9K | $242.5K | +10.3% |
| 3 Bedrooms | $281K | $286K | +1.8% |
| 4 Bedrooms | $363.5K | $370K | +1.8% |
| 5+ Bedrooms | $647.2K | $427K | -34.0% |
Summary: Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 34%.
Median Sold Price Compared To Nearby Cities
| Adam Stephens | $195K | $222.2K | +14.0% |
| Tuscarora | $274.5K | $306.6K | +11.7% |
| Valley | $279K | $299.9K | +7.5% |
| Hedgesville | $280K | $300K | +7.1% |
| Norborne | $325K | $335K | +3.1% |
Housing Supply in Valley, WV
How many homes are available in Valley, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 109 | 121 | +11.0% |
Summary: The Valley real estate market had 121 homes for sale in April 2024, a 11.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 61 | 73 | +19.7% |
| 4 Bedrooms | 27 | 26 | -3.7% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 19.7%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Valley, you may be able to get a good deal. 35.5% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Valley in April 2024, up by 6.9% month-over-month. Of the 31 sold homes, 35% were sold under asking, 35% were sold at asking, and 29% were sold over asking.
Days on Market for Valley, WV
How long does it take to sell a home in Valley, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 30 Days | +26.0% |
Summary: Homes in Valley had an average of 30 days on market in Apr 2024, up by 26% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Valley are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in Valley; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
