Is East Bank, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Bank is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in East Bank, WV

How much do homes in East Bank, WV cost?

Median Sold Price

$110,000

$84/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$32,000(+41.0%)

Key Takeaway

Homes in East Bank have sold for 41% more than they did a year ago.

Summary: The median home sold price in East Bank was $110,000 in November 2024, up 41% from last year, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $78K$118K
+51.3%
3 -$109.9K
N/A
4 $69K$109.5K
+58.7%
5+ $85K-
N/A

Summary: East Bank 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 increased by 51.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 58.7%, and 5+ bedroom homes did not change.

Housing Supply in East Bank, WV

How many homes are available in East Bank, WV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
35+66.7%

Summary: The East Bank real estate market had 5 homes for sale in November 2024, a 66.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 23
+50.0%
4 00
0.0%
5+ 00
0.0%

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

Number of Homes Sold

Oct 2024Nov 2024CHANGE
02+100.0%

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 East Bank, 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 East Bank in November 2024, up by 100.0% 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 East Bank, WV

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

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days42 Days+157.6%

Summary: Homes in East Bank had an average of 42 days on market in Nov 2024, up by 157.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were 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 East Bank has remained consistent over time.

Summary: During November 2024, 2 homes were sold in East Bank; 0% of homes were sold within 30 days, 100% 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 17 Days Ago

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