Is Point Pleasant, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Point Pleasant is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Point Pleasant was a Seller's Market.

Key Takeaway

Point Pleasant is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Point Pleasant, WV

How much do homes in Point Pleasant, WV cost?

Median Sold Price

$150,000

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,125(+8.8%)

Key Takeaway

Homes in Point Pleasant have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in Point Pleasant was $150,000 in October 2024, up 8.8% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $30K$100K
+233.3%
2 $45K$79K
+75.6%
3 $147.5K$150K
+1.7%
4 $175K$279K
+59.4%
5+ $201K$270K
+34.3%

Summary: Point Pleasant housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 233.3%, 2 bedroom homes increased by 75.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 59.4%, and 5+ bedroom homes increased by 34.3%.

Median Sold Price Compared To Nearby Cities

Point Pleasant
+8.8%
Lewis
+7.4%

Housing Supply in Point Pleasant, WV

How many homes are available in Point Pleasant, WV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2017-15.0%

Summary: The Point Pleasant real estate market had 17 homes for sale in October 2024, a 15.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 53
-40.0%
3 97
-22.2%
4 56
+20.0%
5+ 00
0.0%

Summary: The Point Pleasant 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 decreased by 40%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Point Pleasant, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Point Pleasant in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Point Pleasant, WV

How long does it take to sell a home in Point Pleasant, WV?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days39 Days+45.0%

Summary: Homes in Point Pleasant had an average of 39 days on market in Oct 2024, up by 45% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Point Pleasant are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Point Pleasant; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

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