Is 25314, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 25314 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 25314 has remained a Seller's Market.

Key Takeaway

25314 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 25314, WV

How much do homes in 25314, WV cost?

Median Sold Price

$259,000

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,950(-2.2%)

Key Takeaway

Homes in 25314 have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in 25314 was $259,000 in November 2024, down 2.2% from last year, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $102.5K$119K
+16.1%
2 $130K$116.7K
-10.2%
3 $203K$226.2K
+11.4%
4 $290.5K$290K
-0.2%
5+ $452.5K$487.5K
+7.7%

Summary: 25314 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes decreased by 10.2%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Zip Codes

25304
+7.1%
25303
+3.2%
25314
-2.2%

Housing Supply in 25314, WV

How many homes are available in 25314, WV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6965-5.8%

Summary: The 25314 real estate market had 65 homes for sale in November 2024, a 5.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 43
-25.0%
3 2831
+10.7%
4 2520
-20.0%
5+ 98
-11.1%

Summary: The 25314 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 25%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1413-7.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 25314, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 25314 in November 2024, down by 7.1% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.

Days on Market for 25314, WV

How long does it take to sell a home in 25314, WV?

Average Sale Time

Nov 2023Nov 2024CHANGE
30 Days14 Days-51.8%

Summary: Homes in 25314 had an average of 14 days on market in Nov 2024, down by 51.8% compared to last year.

Breakdown of Home Sale Times

12 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 25314 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in 25314; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% 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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