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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 25311 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 25311 has remained a Seller's Market.

Key Takeaway

25311 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 25311, WV

How much do homes in 25311, WV cost?

Median Sold Price

$195,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$20,000(+11.4%)

Key Takeaway

Homes in 25311 have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in 25311 was $195,000 in December 2024, up 11.4% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $90.2K$89.2K
-1.1%
2 $93.9K$134K
+42.6%
3 $177.5K$170K
-4.2%
4 $244K$307.5K
+26.0%
5+ $381K$424.5K
+11.4%

Summary: 25311 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 42.6%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 26%, and 5+ bedroom homes increased by 11.4%.

Median Sold Price Compared To Nearby Zip Codes

25311
+11.4%
25302
+4.1%

Housing Supply in 25311, WV

How many homes are available in 25311, WV?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4136-12.2%

Summary: The 25311 real estate market had 36 homes for sale in December 2024, a 12.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 57
+40.0%
2 65
-16.7%
3 1713
-23.5%
4 108
-20.0%
5+ 33
0.0%

Summary: The 25311 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 25311, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in 25311 in December 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% 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

Dec 2023Dec 2024CHANGE
39 Days35 Days-9.2%

Summary: Homes in 25311 had an average of 35 days on market in Dec 2024, down by 9.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 December 2024, 7 homes were sold in 25311; 57% of homes were sold within 30 days, 43% 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 6 Days Ago

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