Is Vienna, 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, Vienna has remained a Seller's Market.
Key Takeaway
Vienna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vienna, WV
How much do homes in Vienna, WV cost?
Median Sold Price
$182,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Vienna have sold for 4% more than they did a year ago.
Summary: The median home sold price in Vienna was $182,000 in May 2024, up 4% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120K | $140K | +16.7% |
| 3 Bedrooms | $170K | $176K | +3.5% |
| 4 Bedrooms | $238K | $240K | +0.8% |
| 5+ Bedrooms | $365K | $456.5K | +25.1% |
Summary: Vienna 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 increased by 16.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 25.1%.
Median Sold Price Compared To Nearby Cities
| Parkersburg | $135K | $145.7K | +8.0% |
| Vienna | $175K | $182K | +4.0% |
| Williams | $216K | $184K | -14.8% |
| North Hills | $311.5K | $214K | -31.3% |
Housing Supply in Vienna, WV
How many homes are available in Vienna, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 52 | -1.9% |
Summary: The Vienna real estate market had 52 homes for sale in May 2024, a 1.9% 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 | 5 | 7 | +40.0% |
| 3 Bedrooms | 26 | 24 | -7.7% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Vienna 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 40%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
12 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 Vienna, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Vienna in May 2024, up by 16.7% month-over-month. Of the 14 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Vienna, WV
How long does it take to sell a home in Vienna, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 128 Days | +254.0% |
Summary: Homes in Vienna had an average of 128 days on market in May 2024, up by 254% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Vienna are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 14 homes were sold in Vienna; 7% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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