Is Ranson, 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, Ranson has remained a Seller's Market.
Key Takeaway
Ranson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ranson, WV
How much do homes in Ranson, WV cost?
Median Sold Price
$292,675
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ranson have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Ranson was $292,675 in May 2024, up 6.4% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $180K | +33.3% |
| 2 Bedrooms | $172K | $224.9K | +30.8% |
| 3 Bedrooms | $263.9K | $285K | +8.0% |
| 4 Bedrooms | $381K | $396.5K | +4.1% |
| 5+ Bedrooms | $445K | $379K | -14.8% |
Summary: Ranson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 14.8%.
Median Sold Price Compared To Nearby Cities
| Middleway | $370K | $414.5K | +12.0% |
| Charles Town | $360K | $390K | +8.3% |
| Ranson | $275K | $292.6K | +6.4% |
| Kearneysville | $370K | $387.6K | +4.8% |
Housing Supply in Ranson, WV
How many homes are available in Ranson, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 37 | -7.5% |
Summary: The Ranson real estate market had 37 homes for sale in May 2024, a 7.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Ranson 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 50%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ranson, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Ranson in May 2024, up by 11.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for Ranson, WV
How long does it take to sell a home in Ranson, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 63 Days | 44 Days | -30.4% |
Summary: Homes in Ranson had an average of 44 days on market in May 2024, down by 30.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ranson are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Ranson; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
