Is 25422, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 25422 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 25422 was a Buyer's Market.

Key Takeaway

25422 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 25422, WV

How much do homes in 25422, WV cost?

Median Sold Price

$307,500

$141/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$43,500(+16.5%)

Key Takeaway

Homes in 25422 have sold for 16.5% more than they did a month ago.

Summary: The median home sold price in 25422 was $307,500 in October 2024, up 16.5% from last month, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $205K-
N/A
2 $277K-
N/A
3 -$293.7K
N/A
4 --
N/A
5+ -$365K
N/A

Summary: 25422 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

25422
+16.5%
21555
-7.3%

Housing Supply in 25422, WV

How many homes are available in 25422, WV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2224+9.1%

Summary: The 25422 real estate market had 24 homes for sale in October 2024, a 9.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 66
0.0%
3 1313
0.0%
4 12
+100.0%
5+ 11
0.0%

Summary: The 25422 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 25422, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 25422 in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 25422, WV

How long does it take to sell a home in 25422, WV?

Average Sale Time

Sep 2024Oct 2024CHANGE
27 Days51 Days+89.5%

Summary: Homes in 25422 had an average of 51 days on market in Oct 2024, up by 89.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 25422 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 25422; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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

Newest Listings in 25422, WV

Nearby Markets to 25422, WV