Is 25071, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 25071 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 25071 was a Neutral Market.

Key Takeaway

25071 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 25071, WV

How much do homes in 25071, WV cost?

Median Sold Price

$216,500

$138/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$3,500(-1.6%)

Key Takeaway

Homes in 25071 have sold for 1.6% less than they did a month ago.

Summary: The median home sold price in 25071 was $216,500 in November 2024, down 1.6% from last month, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $185K$216.5K
+17.0%
4 $235K-
N/A
5+ --
N/A

Summary: 25071 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 25071, WV

How many homes are available in 25071, WV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1817-5.6%

Summary: The 25071 real estate market had 17 homes for sale in November 2024, a 5.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 109
-10.0%
4 56
+20.0%
5+ 12
+100.0%

Summary: The 25071 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 25071, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 25071 in November 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 25071, WV

How long does it take to sell a home in 25071, WV?

Average Sale Time

Oct 2024Nov 2024CHANGE
7 Days18 Days+150.0%

Summary: Homes in 25071 had an average of 18 days on market in Nov 2024, up by 150% compared to last month.

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 25071 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 25071; 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 21 Days Ago

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