Is Lost River, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lost River is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Lost River, WV

How much do homes in Lost River, WV cost?

Median Sold Price

$339,000

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$32,000(+10.4%)

Key Takeaway

Homes in Lost River have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Lost River was $339,000 in October 2024, up 10.4% from last year, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$310K
+106.7%
2 $245K$325K
+32.7%
3 $300K$351K
+17.0%
4 $414.9K$481K
+15.9%
5+ $600K$195K
-67.5%

Summary: Lost River housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 106.7%, 2 bedroom homes increased by 32.7%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes decreased by 67.5%.

Median Sold Price Compared To Nearby Cities

Basye
+18.6%
Lost River
+10.4%
Mathias
-2.9%

Housing Supply in Lost River, WV

How many homes are available in Lost River, WV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1716-5.9%

Summary: The Lost River real estate market had 16 homes for sale in October 2024, a 5.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 43
-25.0%
3 78
+14.3%
4 33
0.0%
5+ 00
0.0%

Summary: The Lost River housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lost River, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Lost River in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Lost River, WV

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

Average Sale Time

Oct 2023Oct 2024CHANGE
9 Days142 Days+1428.6%

Summary: Homes in Lost River had an average of 142 days on market in Oct 2024, up by 1428.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Lost River; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 16 Days Ago

Newest Listings in Lost River, WV

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