Is 25434, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 25434 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 25434 was a Seller's Market.

Key Takeaway

25434 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 25434, WV

How much do homes in 25434, WV cost?

Median Sold Price

$249,950

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$79,950(+47.0%)

Key Takeaway

Homes in 25434 have sold for 47% more than they did a year ago.

Summary: The median home sold price in 25434 was $249,950 in October 2024, up 47% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $50.5K$206K
+307.9%
2 $200K$255K
+27.5%
3 $162K$209K
+29.0%
4 $400K$450K
+12.5%
5+ -$499.9K
N/A

Summary: 25434 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 307.9%, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 29%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes did not change.

Housing Supply in 25434, WV

How many homes are available in 25434, WV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
14140.0%

Summary: The 25434 real estate market had 14 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 24
+100.0%
3 74
-42.9%
4 22
0.0%
5+ 22
0.0%

Summary: The 25434 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 increased by 100%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 25434, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 25434 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 25434, WV

How long does it take to sell a home in 25434, WV?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days81 Days+247.1%

Summary: Homes in 25434 had an average of 81 days on market in Oct 2024, up by 247.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 25434 has remained consistent over time.

Summary: During October 2024, 2 homes were sold in 25434; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 14 Days Ago

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