$36,000
1.49 Acres
Land
Cheryl A. Donohoe, Listing Office: Cunningham Realty
Is Eastern, 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, Eastern was a Buyer's Market.
Key Takeaway
Eastern is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eastern, WV
How much do homes in Eastern, WV cost?
Median Sold Price
$179,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,000(+1.1%)
Key Takeaway
Homes in Eastern have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Eastern was $179,000 in November 2024, up 1.1% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $69K | N/A |
| 2 Bedrooms | $113K | $175K | +54.9% |
| 3 Bedrooms | $189K | $167.5K | -11.4% |
| 4 Bedrooms | $215K | $262.5K | +22.1% |
| 5+ Bedrooms | $250K | $355K | +42.0% |
Summary: Eastern 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 54.9%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 42%.
Median Sold Price Compared To Nearby Cities
| Ripley | $156K | $190K | +21.8% |
| Eastern | $177K | $179K | +1.1% |
Housing Supply in Eastern, WV
How many homes are available in Eastern, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The Eastern real estate market had 20 homes for sale in November 2024, a 11.1% increase 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Eastern 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 increased by 22.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eastern, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Eastern in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Eastern, WV
How long does it take to sell a home in Eastern, WV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 22 Days | -9.6% |
Summary: Homes in Eastern had an average of 22 days on market in Nov 2024, down by 9.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Eastern are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Eastern; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
