Is Parkersburg, 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, Parkersburg has remained a Seller's Market.
Key Takeaway
Parkersburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Parkersburg, WV
How much do homes in Parkersburg, WV cost?
Median Sold Price
$145,750
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Parkersburg have sold for 8% more than they did a year ago.
Summary: The median home sold price in Parkersburg was $145,750 in May 2024, up 8% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.9K | $153K | +178.7% |
| 2 Bedrooms | $93.5K | $115K | +23.0% |
| 3 Bedrooms | $138.3K | $145K | +4.8% |
| 4 Bedrooms | $187K | $194K | +3.7% |
| 5+ Bedrooms | $235K | $266K | +13.2% |
Summary: Parkersburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 178.7%, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 13.2%.
Housing Supply in Parkersburg, WV
How many homes are available in Parkersburg, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 146 | 153 | +4.8% |
Summary: The Parkersburg real estate market had 153 homes for sale in May 2024, a 4.8% 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 | 19 | 17 | -10.5% |
| 3 Bedrooms | 72 | 73 | +1.4% |
| 4 Bedrooms | 40 | 46 | +15.0% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Parkersburg 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 decreased by 10.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 49 | +69.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parkersburg, you may be able to get a good deal. 61.2% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Parkersburg in May 2024, up by 69.0% month-over-month. Of the 49 sold homes, 61% were sold under asking, 16% were sold at asking, and 22% were sold over asking.
Days on Market for Parkersburg, WV
How long does it take to sell a home in Parkersburg, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 77 Days | +24.0% |
Summary: Homes in Parkersburg had an average of 77 days on market in May 2024, up by 24% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Parkersburg has remained consistent over time.
Summary: During May 2024, 49 homes were sold in Parkersburg; 27% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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