$2,969 Closing Credit*
$250,000
2,196 SqFt
3 Beds
•2 Full Baths, 1 Partial
Debbie Douglass, Listing Office: Douglass & Co Real Estate Team
Is Mineral Wells, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Mineral Wells has remained a Seller's Market.
Key Takeaway
Mineral Wells is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mineral Wells, WV
How much do homes in Mineral Wells, WV cost?
Median Sold Price
$185,500
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$59,500(-24.3%)
Key Takeaway
Homes in Mineral Wells have sold for 24.3% less than they did a year ago.
Summary: The median home sold price in Mineral Wells was $185,500 in November 2024, down 24.3% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $159K | $81.5K | -48.7% |
| 3 Bedrooms | $208K | $164K | -21.2% |
| 4 Bedrooms | $299K | $295K | -1.3% |
| 5+ Bedrooms | $280K | $285K | +1.8% |
Summary: Mineral Wells 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 decreased by 48.7%, 3 bedroom homes decreased by 21.2%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 1.8%.
Housing Supply in Mineral Wells, WV
How many homes are available in Mineral Wells, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Summary: The Mineral Wells real estate market had 11 homes for sale in November 2024, a 35.3% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mineral Wells 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 decreased by 30%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
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 Mineral Wells, 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 Mineral Wells in November 2024, down by 16.7% 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 Mineral Wells, WV
How long does it take to sell a home in Mineral Wells, WV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 58 Days | +2.9% |
Summary: Homes in Mineral Wells had an average of 58 days on market in Nov 2024, up by 2.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mineral Wells are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Mineral Wells; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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