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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Letart is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Letart was a Seller's Market.

Key Takeaway

Letart is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Letart, WV

How much do homes in Letart, WV cost?

Median Sold Price

$121,500

$94/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$17,250(-12.4%)

Key Takeaway

Homes in Letart have sold for 12.4% less than they did a year ago.

Summary: The median home sold price in Letart was $121,500 in October 2024, down 12.4% from last year, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $108.5K$114K
+5.1%
3 $146K$150K
+2.7%
4 $121K$115K
-5.0%
5+ $310K-
N/A

Summary: Letart housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Graham
-6.1%
New Haven
-10.2%
Letart
-12.4%

Housing Supply in Letart, WV

How many homes are available in Letart, WV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
880.0%

Summary: The Letart real estate market had 8 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Letart 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Letart, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Letart in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Letart, WV

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

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days4 Days-87.1%

Summary: Homes in Letart had an average of 4 days on market in Oct 2024, down by 87.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Letart; 100% of homes were sold within 30 days, 0% 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 14 Days Ago

Newest Listings in Letart, WV

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