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 October 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

$292,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$42,500(+17.0%)

Key Takeaway

Homes in 26851 have sold for 17% more than they did a year ago.

Summary: The median home sold price in 26851 was $292,000 in October 2024, up 17% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $187.5K$20K
-89.3%
2 $262.3K$300.7K
+14.7%
3 $294.9K$287.5K
-2.5%
4 $260K$303K
+16.5%
5+ $235K-
N/A

Summary: 26851 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 89.3%, 2 bedroom homes increased by 14.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes did not change.

Housing Supply in 26851, WV

How many homes are available in 26851, WV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
79+28.6%

Summary: The 26851 real estate market had 9 homes for sale in October 2024, a 28.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 11
0.0%
3 24
+100.0%
4 33
0.0%
5+ 01
+100.0%

Summary: The 26851 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 26851 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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

Oct 2023Oct 2024CHANGE
10 Days54 Days+409.4%

Summary: Homes in 26851 had an average of 54 days on market in Oct 2024, up by 409.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 26851 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 26851; 33% of homes were sold within 30 days, 67% 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 21 Days Ago

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