$300,000
22.70 Acres
Land
YAHYA YASINI, Listing Office: BNI Realty
Is West, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, West has remained a Seller's Market.
Key Takeaway
West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West, VA
How much do homes in West, VA cost?
Median Sold Price
$380,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$45,000(-10.6%)
Key Takeaway
Homes in West have sold for 10.6% less than they did a year ago.
Summary: The median home sold price in West was $380,000 in November 2024, down 10.6% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $330K | +127.6% |
| 2 Bedrooms | $425K | $288.7K | -32.1% |
| 3 Bedrooms | $390K | $407.5K | +4.5% |
| 4 Bedrooms | $555K | $651K | +17.3% |
| 5+ Bedrooms | $749.5K | $2.0M | +166.8% |
Summary: West housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 127.6%, 2 bedroom homes decreased by 32.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 166.8%.
Median Sold Price Compared To Nearby Cities
| Roseland | $487K | $480K | -1.4% |
| West | $425K | $380K | -10.6% |
Housing Supply in West, VA
How many homes are available in West, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The West real estate market had 12 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The West housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in West in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for West, VA
How long does it take to sell a home in West, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 2 Days | 7 Days | +250.0% |
Summary: Homes in West had an average of 7 days on market in Nov 2024, up by 250% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in West; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.