$1,425 Closing Credit*
$120,000
1,827 SqFt
Joan P Mace, Listing Office: Preferred Properties
Is Milroy, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Milroy has remained a Seller's Market.
Key Takeaway
Milroy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milroy, WV
How much do homes in Milroy, WV cost?
Median Sold Price
$198,500
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$36,500(-15.5%)
Key Takeaway
Homes in Milroy have sold for 15.5% less than they did a year ago.
Summary: The median home sold price in Milroy was $198,500 in October 2024, down 15.5% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $109.9K | N/A |
| 2 Bedrooms | $159.9K | $183K | +14.4% |
| 3 Bedrooms | $237.5K | $184.9K | -22.1% |
| 4 Bedrooms | $210K | $335K | +59.5% |
| 5+ Bedrooms | $249.9K | $235K | -6.0% |
Summary: Milroy 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 14.4%, 3 bedroom homes decreased by 22.1%, 4 bedroom homes increased by 59.5%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Cities
| Petersburg | $238.7K | $230K | -3.7% |
| Milroy | $235K | $198.5K | -15.5% |
Housing Supply in Milroy, WV
How many homes are available in Milroy, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Summary: The Milroy real estate market had 15 homes for sale in October 2024, a 36.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Milroy 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 increased by 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Milroy, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Milroy in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Milroy, WV
How long does it take to sell a home in Milroy, WV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 31 Days | +111.1% |
Summary: Homes in Milroy had an average of 31 days on market in Oct 2024, up by 111.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Milroy has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Milroy; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
