Is 25304, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 25304 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 25304 has remained a Seller's Market.

Key Takeaway

25304 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 25304, WV

How much do homes in 25304, WV cost?

Median Sold Price

$232,500

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,000(+6.4%)

Key Takeaway

Homes in 25304 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 25304 was $232,500 in October 2024, up 6.4% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $80.5K-
N/A
2 $131K$145K
+10.7%
3 $200K$252K
+26.0%
4 $274.5K$254.2K
-7.4%
5+ $920K$462K
-49.8%

Summary: 25304 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 26%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 49.8%.

Median Sold Price Compared To Nearby Zip Codes

25306
+51.6%
25015
+20.7%
25304
+6.4%
25311
+6.2%
25314
-0.5%

Housing Supply in 25304, WV

How many homes are available in 25304, WV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2935+20.7%

Summary: The 25304 real estate market had 35 homes for sale in October 2024, a 20.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 1319
+46.2%
4 76
-14.3%
5+ 55
0.0%

Summary: The 25304 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 25%, 3 bedroom homes increased by 46.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 25304, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 25304 in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for 25304, WV

How long does it take to sell a home in 25304, WV?

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days29 Days-29.7%

Summary: Homes in 25304 had an average of 29 days on market in Oct 2024, down by 29.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 25304 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 25304; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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 4 Days Ago

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