Is 25271, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 25271 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 25271 was a Neutral Market.

Key Takeaway

25271 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 25271, WV

How much do homes in 25271, WV cost?

Median Sold Price

$185,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$28,550(+18.2%)

Key Takeaway

Homes in 25271 have sold for 18.2% more than they did a year ago.

Summary: The median home sold price in 25271 was $185,000 in November 2024, up 18.2% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$98K
N/A
2 $110K$153.5K
+39.5%
3 $156K$175K
+12.2%
4 $200K$275K
+37.5%
5+ $265.5K$387.5K
+46.0%

Summary: 25271 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.5%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 46%.

Housing Supply in 25271, WV

How many homes are available in 25271, WV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2729+7.4%

Summary: The 25271 real estate market had 29 homes for sale in November 2024, a 7.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1719
+11.8%
4 44
0.0%
5+ 34
+33.3%

Summary: The 25271 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 33.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
27+250.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 25271, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 25271 in November 2024, up by 250.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for 25271, WV

How long does it take to sell a home in 25271, WV?

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days19 Days+46.0%

Summary: Homes in 25271 had an average of 19 days on market in Nov 2024, up by 46% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 25271 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 25271; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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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