$1,663 Closing Credit*
$140,000
1,160 SqFt
2 Beds
•1 Full Bath
Joyce Riggleman, Listing Office: Potomac River Properties, LLC
Is Petersburg, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Petersburg was a Seller's Market.
Key Takeaway
Petersburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Petersburg, WV
How much do homes in Petersburg, WV cost?
Median Sold Price
$230,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,500(-3.2%)
Key Takeaway
Homes in Petersburg have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Petersburg was $230,000 in November 2024, down 3.2% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $92.4K | N/A |
| 2 Bedrooms | $183K | $240K | +31.1% |
| 3 Bedrooms | $235K | $224K | -4.7% |
| 4 Bedrooms | $244.9K | $267K | +9.0% |
| 5+ Bedrooms | $345K | $235K | -31.9% |
Summary: Petersburg 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 increased by 31.1%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 31.9%.
Median Sold Price Compared To Nearby Cities
| Petersburg | $237.5K | $230K | -3.2% |
| Milroy | $233K | $215.5K | -7.5% |
Housing Supply in Petersburg, WV
How many homes are available in Petersburg, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Summary: The Petersburg real estate market had 19 homes for sale in November 2024, a 11.8% increase 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 | 1 | +100.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Petersburg 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Petersburg, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Petersburg in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Petersburg, WV
How long does it take to sell a home in Petersburg, WV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 106 Days | +95.4% |
Summary: Homes in Petersburg had an average of 106 days on market in Nov 2024, up by 95.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Petersburg are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in Petersburg; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
