Is Washington, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Washington has remained a Seller's Market.
Key Takeaway
Washington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington, WV
How much do homes in Washington, WV cost?
Median Sold Price
$250,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Washington have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Washington was $250,000 in May 2024, up 10.4% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $135K | $135K | 0.0% |
| 3 Bedrooms | $175K | $220K | +25.7% |
| 4 Bedrooms | $353.7K | $289.5K | -18.2% |
| 5+ Bedrooms | $265K | $475K | +79.2% |
Summary: Washington 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 increased by 25.7%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 79.2%.
Housing Supply in Washington, WV
How many homes are available in Washington, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The Washington real estate market had 23 homes for sale in May 2024, a 4.5% 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 | 11 | 13 | +18.2% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Washington 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 18.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Washington, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Washington in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Washington, WV
How long does it take to sell a home in Washington, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 79 Days | 93 Days | +18.4% |
Summary: Homes in Washington had an average of 93 days on market in May 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Washington are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Washington; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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