Is 25541, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 25541 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 25541 has remained a Buyer's Market.

Key Takeaway

25541 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 25541, WV

How much do homes in 25541, WV cost?

Median Sold Price

$329,800

$208/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$144,900(+78.4%)

Key Takeaway

Homes in 25541 have sold for 78.4% more than they did a month ago.

Summary: The median home sold price in 25541 was $329,800 in November 2024, up 78.4% from last month, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$329.8K
N/A
3 $184.9K-
N/A
4 --
N/A
5+ --
N/A

Summary: 25541 housing prices by bedroom type for November 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.

Housing Supply in 25541, WV

How many homes are available in 25541, WV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1316+23.1%

Summary: The 25541 real estate market had 16 homes for sale in November 2024, a 23.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 34
+33.3%
3 68
+33.3%
4 23
+50.0%
5+ 11
0.0%

Summary: The 25541 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 25541, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 25541 in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 25541, WV

How long does it take to sell a home in 25541, WV?

Average Sale Time

Oct 2024Nov 2024CHANGE
18 Days179 Days+894.4%

Summary: Homes in 25541 had an average of 179 days on market in Nov 2024, up by 894.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 25541 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in 25541; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 2 Days Ago

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