Is 25404, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 25404 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 25404 has remained a Seller's Market.

Key Takeaway

25404 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 25404, WV

How much do homes in 25404, WV cost?

Median Sold Price

$270,725

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,758(+8.3%)

Key Takeaway

Homes in 25404 have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in 25404 was $270,725 in November 2024, up 8.3% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $149K$132.7K
-10.9%
2 $197.5K$197.4K
0%
3 $241K$267.5K
+11.0%
4 $300K$339.9K
+13.3%
5+ $433K$255K
-41.1%

Summary: 25404 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 41.1%.

Median Sold Price Compared To Nearby Zip Codes

25443
+16.8%
25403
+9.1%
25404
+8.3%
25401
+3.0%
25405
+1.7%

Housing Supply in 25404, WV

How many homes are available in 25404, WV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9189-2.2%

Summary: The 25404 real estate market had 89 homes for sale in November 2024, a 2.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 69
+50.0%
3 6364
+1.6%
4 1912
-36.8%
5+ 34
+33.3%

Summary: The 25404 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 50%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 36.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2927-6.9%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 25404, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 25404 in November 2024, down by 6.9% month-over-month. Of the 27 sold homes, 48% were sold under asking, 41% were sold at asking, and 11% were sold over asking.

Days on Market for 25404, WV

How long does it take to sell a home in 25404, WV?

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days24 Days-17.1%

Summary: Homes in 25404 had an average of 24 days on market in Nov 2024, down by 17.1% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 25404 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 27 homes were sold in 25404; 74% of homes were sold within 30 days, 26% 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 22 Days Ago

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