$120,000
20.24 Acres
Land
Rick Whetzel, Listing Office: Hoffman Realty
Is Old Fields, 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, Old Fields has remained a Seller's Market.
Key Takeaway
Old Fields is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old Fields, WV
How much do homes in Old Fields, WV cost?
Median Sold Price
$300,500
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$105,500(+54.1%)
Key Takeaway
Homes in Old Fields have sold for 54.1% more than they did a year ago.
Summary: The median home sold price in Old Fields was $300,500 in November 2024, up 54.1% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $234.9K | +88.0% |
| 2 Bedrooms | $249.9K | $200K | -20.0% |
| 3 Bedrooms | $195K | $330K | +69.2% |
| 4 Bedrooms | $250K | $189.5K | -24.2% |
| 5+ Bedrooms | $221.5K | $475K | +114.4% |
Summary: Old Fields housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 88%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 69.2%, 4 bedroom homes decreased by 24.2%, and 5+ bedroom homes increased by 114.4%.
Median Sold Price Compared To Nearby Cities
| Old Fields | $195K | $300.5K | +54.1% |
| Moorefield | $195K | $199.9K | +2.5% |
Housing Supply in Old Fields, WV
How many homes are available in Old Fields, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Summary: The Old Fields real estate market had 13 homes for sale in November 2024, a 13.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Old Fields 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 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Old Fields, 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 Old Fields in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Old Fields, WV
How long does it take to sell a home in Old Fields, WV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 75 Days | +35.5% |
Summary: Homes in Old Fields had an average of 75 days on market in Nov 2024, up by 35.5% 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
Key Takeaway
Many homes in Old Fields are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Old Fields; 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.
