Is Teays, 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, Teays has remained a Seller's Market.
Key Takeaway
Teays is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Teays, WV
How much do homes in Teays, WV cost?
Median Sold Price
$320,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Teays have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Teays was $320,000 in May 2024, up 6.7% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137K | - | N/A |
| 2 Bedrooms | $150K | $139.7K | -6.8% |
| 3 Bedrooms | $269.8K | $275K | +1.9% |
| 4 Bedrooms | $325K | $384K | +18.2% |
| 5+ Bedrooms | $415K | $400K | -3.6% |
Summary: Teays 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 6.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Curry | $185.5K | $215K | +15.9% |
| Teays | $299.9K | $320K | +6.7% |
| Scott | $259K | $266.9K | +3.1% |
| Scott Depot | $265K | $264.5K | -0.2% |
| Hurricane | $280K | $267K | -4.6% |
Housing Supply in Teays, WV
How many homes are available in Teays, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 37 | +8.8% |
Summary: The Teays real estate market had 37 homes for sale in May 2024, a 8.8% increase 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Teays 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 7.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Teays, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Teays in May 2024, up by 125.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Teays, WV
How long does it take to sell a home in Teays, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 15 Days | -48.7% |
Summary: Homes in Teays had an average of 15 days on market in May 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Teays are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Teays; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
