$4,155 Closing Credit*
$349,900
2,352 SqFt
4 Beds
•2 Full Baths, 1 Partial
Sid Belcher, Listing Office: Coldwell Banker Premier
Is Petersburg, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Petersburg was a Seller's Market.
Key Takeaway
Petersburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
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 October 2023
-$8,750(-3.7%)
Key Takeaway
Homes in Petersburg have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Petersburg was $230,000 in October 2024, down 3.7% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $92.4K | N/A |
| 2 Bedrooms | $200.4K | $211.5K | +5.5% |
| 3 Bedrooms | $235K | $218.5K | -7.0% |
| 4 Bedrooms | $220K | $269K | +22.3% |
| 5+ Bedrooms | $297.4K | $172.5K | -42.0% |
Summary: Petersburg 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 5.5%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes decreased by 42%.
Median Sold Price Compared To Nearby Cities
| Petersburg | $238.7K | $230K | -3.7% |
| Milroy | $235K | $198.5K | -15.5% |
Housing Supply in Petersburg, WV
How many homes are available in Petersburg, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The Petersburg real estate market had 20 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Petersburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
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 Petersburg, 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 Petersburg in October 2024, up by 50.0% 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 Petersburg, WV
How long does it take to sell a home in Petersburg, WV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 31 Days | +143.6% |
Summary: Homes in Petersburg had an average of 31 days on market in Oct 2024, up by 143.6% 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 Petersburg has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Petersburg; 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.
