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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dunbar is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Dunbar, WV

How much do homes in Dunbar, WV cost?

Median Sold Price

$129,000

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,000(+3.2%)

Key Takeaway

Homes in Dunbar have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Dunbar was $129,000 in October 2024, up 3.2% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $137K$72K
-47.4%
2 $107K$118K
+10.3%
3 $129K$135.5K
+5.0%
4 $173.2K$135K
-22.1%
5+ -$100.5K
N/A

Summary: Dunbar housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.4%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 22.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

South Charleston
+15.6%
Charleston
+15.6%
Dunbar
+3.2%

Housing Supply in Dunbar, WV

How many homes are available in Dunbar, WV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3433-2.9%

Summary: The Dunbar real estate market had 33 homes for sale in October 2024, a 2.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 105
-50.0%
3 1921
+10.5%
4 24
+100.0%
5+ 22
0.0%

Summary: The Dunbar 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 50%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dunbar, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Dunbar in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.

Days on Market for Dunbar, WV

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

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days40 Days+64.4%

Summary: Homes in Dunbar had an average of 40 days on market in Oct 2024, up by 64.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 9 homes were sold in Dunbar; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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 4 Days Ago

Newest Listings in Dunbar, WV

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