Is 25177, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 25177 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 25177 has remained a Seller's Market.

Key Takeaway

25177 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 25177, WV

How much do homes in 25177, WV cost?

Median Sold Price

$157,416

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,916(+9.7%)

Key Takeaway

Homes in 25177 have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in 25177 was $157,416 in October 2024, up 9.7% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $35K$70K
+100.0%
2 $120K$121.5K
+1.3%
3 $145K$155K
+6.9%
4 $166.4K$208K
+25.0%
5+ $262.7K$257.6K
-2.0%

Summary: 25177 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 2%.

Median Sold Price Compared To Nearby Zip Codes

25560
+20.0%
25143
+19.4%
25177
+9.7%
25064
+3.2%

Housing Supply in 25177, WV

How many homes are available in 25177, WV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8184+3.7%

Summary: The 25177 real estate market had 84 homes for sale in October 2024, a 3.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1012
+20.0%
3 4648
+4.3%
4 2221
-4.5%
5+ 33
0.0%

Summary: The 25177 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 increased by 20%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1930+57.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 25177, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 25177 in October 2024, up by 57.9% month-over-month. Of the 30 sold homes, 47% were sold under asking, 10% were sold at asking, and 43% were sold over asking.

Days on Market for 25177, WV

How long does it take to sell a home in 25177, WV?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days22 Days-12.2%

Summary: Homes in 25177 had an average of 22 days on market in Oct 2024, down by 12.2% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 25177 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 30 homes were sold in 25177; 77% of homes were sold within 30 days, 23% 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 5 Days Ago

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