Is 26851, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 26851 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 26851 has remained a Seller's Market.

Key Takeaway

26851 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 26851, WV

How much do homes in 26851, WV cost?

Median Sold Price

$252,158

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$7,842(-3.0%)

Key Takeaway

Homes in 26851 have sold for 3% less than they did a year ago.

Summary: The median home sold price in 26851 was $252,158 in November 2024, down 3% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $187.5K$20K
-89.3%
2 $265K$199.5K
-24.7%
3 $279.5K$287.5K
+2.9%
4 $260K$292K
+12.3%
5+ $235K$134K
-43.0%

Summary: 26851 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 89.3%, 2 bedroom homes decreased by 24.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes decreased by 43%.

Housing Supply in 26851, WV

How many homes are available in 26851, WV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
911+22.2%

Summary: The 26851 real estate market had 11 homes for sale in November 2024, a 22.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 44
0.0%
4 35
+66.7%
5+ 11
0.0%

Summary: The 26851 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were 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 26851, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 26851 in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 26851, WV

How long does it take to sell a home in 26851, WV?

Average Sale Time

Nov 2023Nov 2024CHANGE
5 Days12 Days+150.0%

Summary: Homes in 26851 had an average of 12 days on market in Nov 2024, up by 150% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 26851 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 26851; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

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