$199,000
41.00 Acres
Land
Drema Davis, Listing Office: Old Colony
Is Buffalo-Union, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Buffalo-Union was a Seller's Market.
Key Takeaway
Buffalo-Union is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Buffalo-Union, WV
How much do homes in Buffalo-Union, WV cost?
Median Sold Price
$223,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$22,000(-9.0%)
Key Takeaway
Homes in Buffalo-Union have sold for 9% less than they did a year ago.
Summary: The median home sold price in Buffalo-Union was $223,000 in November 2024, down 9% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | $205K | $196K | -4.4% |
| 3 Bedrooms | $218K | $215K | -1.4% |
| 4 Bedrooms | $375K | $275K | -26.7% |
| 5+ Bedrooms | $305K | $450K | +47.5% |
Summary: Buffalo-Union housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 47.5%.
Median Sold Price Compared To Nearby Cities
| Pocatalico | $200K | $184.5K | -7.8% |
| Buffalo-Union | $245K | $223K | -9.0% |
Housing Supply in Buffalo-Union, WV
How many homes are available in Buffalo-Union, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Buffalo-Union real estate market had 13 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Buffalo-Union 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 decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buffalo-Union, 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 Buffalo-Union in November 2024, down by 60.0% 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 Buffalo-Union, WV
How long does it take to sell a home in Buffalo-Union, WV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 42 Days | +663.6% |
Summary: Homes in Buffalo-Union had an average of 42 days on market in Nov 2024, up by 663.6% 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 Buffalo-Union are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Buffalo-Union; 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.
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