$10,000 Closing Credit*
$851,000
754 SqFt
3 Beds
•1 Full Bath
Evan Cuomo, Listing Office: Cedar One Realty
Is New Cumberland, 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, New Cumberland has remained a Buyer's Market.
Key Takeaway
New Cumberland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Cumberland, WV
How much do homes in New Cumberland, WV cost?
Median Sold Price
$198,500
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,000(+18.5%)
Key Takeaway
Homes in New Cumberland have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in New Cumberland was $198,500 in October 2024, up 18.5% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $68.2K | $78K | +14.3% |
| 3 Bedrooms | $187.5K | $194.5K | +3.7% |
| 4 Bedrooms | $170K | $496.5K | +192.1% |
| 5+ Bedrooms | $495K | $244K | -50.7% |
Summary: New Cumberland 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 14.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 192.1%, and 5+ bedroom homes decreased by 50.7%.
Median Sold Price Compared To Nearby Cities
| Knox Township | $85K | $134K | +57.6% |
| New Cumberland | $167.5K | $198.5K | +18.5% |
| Clay | $135K | $140.2K | +3.9% |
Housing Supply in New Cumberland, WV
How many homes are available in New Cumberland, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Summary: The New Cumberland real estate market had 20 homes for sale in October 2024, a 42.9% 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 | 1 | +100.0% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The New Cumberland 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 increased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Cumberland, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in New Cumberland in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for New Cumberland, WV
How long does it take to sell a home in New Cumberland, WV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 22 Days | -48.9% |
Summary: Homes in New Cumberland had an average of 22 days on market in Oct 2024, down by 48.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Cumberland are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in New Cumberland; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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