Is Bloomery, 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, Bloomery has remained a Seller's Market.
Key Takeaway
Bloomery is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bloomery, WV
How much do homes in Bloomery, WV cost?
Median Sold Price
$228,500
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bloomery have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in Bloomery was $228,500 in May 2024, down 4.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.9K | $81.2K | -45.8% |
| 2 Bedrooms | $212.5K | $195K | -8.2% |
| 3 Bedrooms | $237.5K | $282.4K | +18.9% |
| 4 Bedrooms | $374.9K | $290K | -22.7% |
| 5+ Bedrooms | $585K | $499.9K | -14.5% |
Summary: Bloomery housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.8%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 18.9%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Cross Junction | $375K | $392.4K | +4.7% |
| Paw Paw | $186.5K | $180K | -3.5% |
| Bloomery | $238.5K | $228.5K | -4.2% |
Housing Supply in Bloomery, WV
How many homes are available in Bloomery, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 29 | +38.1% |
Summary: The Bloomery real estate market had 29 homes for sale in May 2024, a 38.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Bloomery 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 150%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bloomery, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Bloomery in May 2024, up by 500.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Bloomery, WV
How long does it take to sell a home in Bloomery, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 58 Days | +259.2% |
Summary: Homes in Bloomery had an average of 58 days on market in May 2024, up by 259.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bloomery are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Bloomery; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
