$2,316 Closing Credit*
$195,000
1,605 SqFt
4 Beds
•1 Full Bath, 1 Partial
Nichole McGrath, Listing Office: Homestead Realty
Is 25550, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 25550 was a Seller's Market.
Key Takeaway
25550 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 25550, WV
How much do homes in 25550, WV cost?
Median Sold Price
$150,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,375(+8.2%)
Key Takeaway
Homes in 25550 have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in 25550 was $150,000 in October 2024, up 8.2% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | $100K | +233.3% |
| 2 Bedrooms | $45K | $79K | +75.6% |
| 3 Bedrooms | $150K | $150K | 0.0% |
| 4 Bedrooms | $172.5K | $279K | +61.7% |
| 5+ Bedrooms | $201K | $270K | +34.3% |
Summary: 25550 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 233.3%, 2 bedroom homes increased by 75.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 61.7%, and 5+ bedroom homes increased by 34.3%.
Median Sold Price Compared To Nearby Zip Codes
| 25550 | $138.6K | $150K | +8.2% |
| 25253 | $138.7K | $121.5K | -12.4% |
Housing Supply in 25550, WV
How many homes are available in 25550, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Summary: The 25550 real estate market had 17 homes for sale in October 2024, a 15.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 25550 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 25550, 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 25550 in October 2024, down by 66.7% 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 25550, WV
How long does it take to sell a home in 25550, WV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 39 Days | +45.0% |
Summary: Homes in 25550 had an average of 39 days on market in Oct 2024, up by 45% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 25550 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 25550; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
