Is 25401, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 25401 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 25401 has remained a Seller's Market.

Key Takeaway

25401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 25401, WV

How much do homes in 25401, WV cost?

Median Sold Price

$242,500

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,130(+3.0%)

Key Takeaway

Homes in 25401 have sold for 3% more than they did a year ago.

Summary: The median home sold price in 25401 was $242,500 in November 2024, up 3% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $131K-
N/A
2 $165K$200K
+21.2%
3 $239K$238.6K
-0.2%
4 $292.5K$312.8K
+6.9%
5+ $362.5K$350K
-3.4%

Summary: 25401 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.2%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 3.4%.

Median Sold Price Compared To Nearby Zip Codes

25403
+9.1%
25404
+8.3%
25401
+3.0%
25405
+1.7%

Housing Supply in 25401, WV

How many homes are available in 25401, WV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6669+4.5%

Summary: The 25401 real estate market had 69 homes for sale in November 2024, a 4.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 811
+37.5%
3 4140
-2.4%
4 1616
0.0%
5+ 12
+100.0%

Summary: The 25401 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 increased by 37.5%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 25401, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in 25401 in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 23% were sold under asking, 38% were sold at asking, and 38% were sold over asking.

Days on Market for 25401, WV

How long does it take to sell a home in 25401, WV?

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days32 Days-1.0%

Summary: Homes in 25401 had an average of 32 days on market in Nov 2024, down by 1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 25401 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in 25401; 54% of homes were sold within 30 days, 46% 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 17 Days Ago

Newest Listings in 25401, WV

Nearby Markets to 25401, WV