$2,850 Closing Credit*
$240,000
1,056 SqFt
2 Beds
•2 Full Baths
Corey Scott Spring, Listing Office: Mountain Home Real Estate, LLC
Is 25427, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 25427 has remained a Seller's Market.
Key Takeaway
25427 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 25427, WV
How much do homes in 25427, WV cost?
Median Sold Price
$301,875
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,750(+5.9%)
Key Takeaway
Homes in 25427 have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in 25427 was $301,875 in November 2024, up 5.9% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152K | $211.2K | +39.0% |
| 2 Bedrooms | $237.5K | $257.5K | +8.4% |
| 3 Bedrooms | $282.1K | $294.9K | +4.5% |
| 4 Bedrooms | $333.7K | $387.2K | +16.0% |
| 5+ Bedrooms | $415.2K | $404.7K | -2.5% |
Summary: 25427 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 2.5%.
Housing Supply in 25427, WV
How many homes are available in 25427, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 134 | 130 | -3.0% |
Summary: The 25427 real estate market had 130 homes for sale in November 2024, a 3.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 81 | 80 | -1.2% |
| 4 Bedrooms | 27 | 24 | -11.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 25427 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 5%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 25427, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 30 homes were sold or pending in 25427 in November 2024, down by 9.1% month-over-month. Of the 30 sold homes, 30% were sold under asking, 47% were sold at asking, and 23% were sold over asking.
Days on Market for 25427, WV
How long does it take to sell a home in 25427, WV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 31 Days | -1.7% |
Summary: Homes in 25427 had an average of 31 days on market in Nov 2024, down by 1.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 25427 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 30 homes were sold in 25427; 60% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
