Is 25311, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 25311 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 25311 was a Seller's Market.

Key Takeaway

25311 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 25311, WV

How much do homes in 25311, WV cost?

Median Sold Price

$174,950

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,200(+6.2%)

Key Takeaway

Homes in 25311 have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in 25311 was $174,950 in October 2024, up 6.2% from last year, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $90.2K$86.5K
-4.2%
2 $100K$122.5K
+22.5%
3 $167.5K$174.9K
+4.4%
4 $194K$292K
+50.5%
5+ $381K$400K
+5.0%

Summary: 25311 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 22.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 50.5%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Zip Codes

25301
+15.6%
25311
+6.2%
25302
+5.6%

Housing Supply in 25311, WV

How many homes are available in 25311, WV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3644+22.2%

Summary: The 25311 real estate market had 44 homes for sale in October 2024, a 22.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 56
+20.0%
2 65
-16.7%
3 1417
+21.4%
4 69
+50.0%
5+ 57
+40.0%

Summary: The 25311 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

5 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 25311, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 25311 in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 25311, WV

How long does it take to sell a home in 25311, WV?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days40 Days+122.7%

Summary: Homes in 25311 had an average of 40 days on market in Oct 2024, up by 122.7% compared to last year.

Breakdown of Home Sale Times

3 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 25311 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 25311; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 23 Days Ago

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