Is Scott Depot, 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, Scott Depot has remained a Seller's Market.
Key Takeaway
Scott Depot is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scott Depot, WV
How much do homes in Scott Depot, WV cost?
Median Sold Price
$264,500
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Scott Depot has remained the same since last year.
Summary: The median home sold price in Scott Depot was $264,500 in May 2024, down 0.2% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $162.5K | -33.7% |
| 3 Bedrooms | $242.4K | $238K | -1.8% |
| 4 Bedrooms | $308K | $307.2K | -0.3% |
| 5+ Bedrooms | $560K | $520K | -7.1% |
Summary: Scott Depot 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 decreased by 33.7%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in Scott Depot, WV
How many homes are available in Scott Depot, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The Scott Depot real estate market had 20 homes for sale in May 2024, a 13.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Scott Depot 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scott Depot, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Scott Depot in May 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Scott Depot, WV
How long does it take to sell a home in Scott Depot, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 50 Days | +139.8% |
Summary: Homes in Scott Depot had an average of 50 days on market in May 2024, up by 139.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Scott Depot are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Scott Depot; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.