Is Barboursville, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barboursville is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Barboursville was a Seller's Market.

Key Takeaway

Barboursville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Barboursville, VA

How much do homes in Barboursville, VA cost?

Median Sold Price

$425,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,000(+6.5%)

Key Takeaway

Homes in Barboursville have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Barboursville was $425,000 in October 2024, up 6.5% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$426.4K
N/A
2 $340K$307.5K
-9.6%
3 $357.4K$363.5K
+1.7%
4 $417.7K$435K
+4.1%
5+ $816.1K$608K
-25.5%

Summary: Barboursville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 25.5%.

Housing Supply in Barboursville, VA

How many homes are available in Barboursville, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2125+19.0%

Summary: The Barboursville real estate market had 25 homes for sale in October 2024, a 19.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1013
+30.0%
4 912
+33.3%
5+ 20
-100.0%

Summary: The Barboursville housing inventory by bedroom type for October 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 30%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Barboursville, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Barboursville in October 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for Barboursville, VA

How long does it take to sell a home in Barboursville, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days19 Days-30.7%

Summary: Homes in Barboursville had an average of 19 days on market in Oct 2024, down by 30.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Barboursville are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Barboursville; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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