Is 25302, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 25302 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 25302 was a Seller's Market.

Key Takeaway

25302 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 25302, WV

How much do homes in 25302, WV cost?

Median Sold Price

$151,000

$83/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,012(+5.6%)

Key Takeaway

Homes in 25302 have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in 25302 was $151,000 in October 2024, up 5.6% from last year, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $35K$47K
+34.4%
2 $86.5K$63K
-27.2%
3 $143.5K$165K
+15.0%
4 $225K$214.9K
-4.5%
5+ $350K$290K
-17.1%

Summary: 25302 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes decreased by 27.2%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 17.1%.

Median Sold Price Compared To Nearby Zip Codes

25301
+15.6%
25311
+6.2%
25302
+5.6%
25314
-0.5%
25387
-29.1%

Housing Supply in 25302, WV

How many homes are available in 25302, WV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5660+7.1%

Summary: The 25302 real estate market had 60 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 1615
-6.3%
3 2633
+26.9%
4 1010
0.0%
5+ 32
-33.3%

Summary: The 25302 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 26.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
990.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 25302, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 25302 in October 2024, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for 25302, WV

How long does it take to sell a home in 25302, WV?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days28 Days-9.7%

Summary: Homes in 25302 had an average of 28 days on market in Oct 2024, down by 9.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 25302 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 25302; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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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