Is 25403, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 25403 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 25403 has remained a Seller's Market.

Key Takeaway

25403 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 25403, WV

How much do homes in 25403, WV cost?

Median Sold Price

$359,740

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,750(+7.4%)

Key Takeaway

Homes in 25403 have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in 25403 was $359,740 in October 2024, up 7.4% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $225K$265K
+17.8%
3 $290K$310K
+6.9%
4 $369.9K$394.7K
+6.7%
5+ $400K$457K
+14.2%

Summary: 25403 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 17.8%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 14.2%.

Median Sold Price Compared To Nearby Zip Codes

25404
+10.1%
25427
+8.2%
25403
+7.4%
25401
+2.8%
25405
+1.7%

Housing Supply in 25403, WV

How many homes are available in 25403, WV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8991+2.2%

Summary: The 25403 real estate market had 91 homes for sale in October 2024, a 2.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 3943
+10.3%
4 3938
-2.6%
5+ 1010
0.0%

Summary: The 25403 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 decreased by 100%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2226+18.2%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 25403, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 25403 in October 2024, up by 18.2% month-over-month. Of the 26 sold homes, 46% were sold under asking, 27% were sold at asking, and 27% were sold over asking.

Days on Market for 25403, WV

How long does it take to sell a home in 25403, WV?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days27 Days+65.7%

Summary: Homes in 25403 had an average of 27 days on market in Oct 2024, up by 65.7% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 25403 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 26 homes were sold in 25403; 65% of homes were sold within 30 days, 27% 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 20 Days Ago

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