Is Wood County, 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, Wood County has remained a Seller's Market.
Key Takeaway
Wood County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wood County, WV
How much do homes in Wood County, WV cost?
Median Sold Price
$164,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wood County have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Wood County was $164,000 in May 2024, up 5.1% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.9K | $161.5K | +194.2% |
| 2 Bedrooms | $110K | $125K | +13.6% |
| 3 Bedrooms | $155K | $160K | +3.2% |
| 4 Bedrooms | $219.9K | $218K | -0.9% |
| 5+ Bedrooms | $300K | $350K | +16.7% |
Summary: Wood County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 194.2%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Counties
| Pleasants County | $142.7K | $176K | +23.3% |
| Washington County | $170K | $196K | +15.3% |
| Wirt County | $115K | $121.7K | +5.9% |
| Wood County | $156K | $164K | +5.1% |
Housing Supply in Wood County, WV
How many homes are available in Wood County, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 262 | 271 | +3.4% |
Summary: The Wood County real estate market had 271 homes for sale in May 2024, a 3.4% increase 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 | 29 | 31 | +6.9% |
| 3 Bedrooms | 136 | 134 | -1.5% |
| 4 Bedrooms | 69 | 76 | +10.1% |
| 5+ Bedrooms | 26 | 28 | +7.7% |
Summary: The Wood County 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 6.9%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 78 | +39.3% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wood County, you may be able to get a good deal. 70.5% of homes here sold below asking price last month.
Summary: A total of 78 homes were sold or pending in Wood County in May 2024, up by 39.3% month-over-month. Of the 78 sold homes, 71% were sold under asking, 13% were sold at asking, and 17% were sold over asking.
Days on Market for Wood County, WV
How long does it take to sell a home in Wood County, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 61 Days | 91 Days | +48.4% |
Summary: Homes in Wood County had an average of 91 days on market in May 2024, up by 48.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wood County has remained consistent over time.
Summary: During May 2024, 78 homes were sold in Wood County; 23% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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