$75,000
2.24 Acres
Land
Amanda Keeler, Listing Office: Better Homes and Gardens Real Estate Central
Is Ripley, 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, Ripley was a Seller's Market.
Key Takeaway
Ripley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ripley, WV
How much do homes in Ripley, WV cost?
Median Sold Price
$180,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,100(+14.7%)
Key Takeaway
Homes in Ripley have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Ripley was $180,000 in October 2024, up 14.7% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $98K | N/A |
| 2 Bedrooms | $110K | $162.5K | +47.7% |
| 3 Bedrooms | $158.4K | $175K | +10.4% |
| 4 Bedrooms | $200K | $225K | +12.5% |
| 5+ Bedrooms | $275K | $350K | +27.3% |
Summary: Ripley 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 47.7%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 27.3%.
Median Sold Price Compared To Nearby Cities
| Ripley | $156.9K | $180K | +14.7% |
| Eastern | $171K | $176.5K | +3.2% |
Housing Supply in Ripley, WV
How many homes are available in Ripley, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Summary: The Ripley real estate market had 24 homes for sale in October 2024, a 4.0% decrease 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Ripley 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 remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ripley, 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 Ripley in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Ripley, WV
How long does it take to sell a home in Ripley, WV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 39 Days | +58.0% |
Summary: Homes in Ripley had an average of 39 days on market in Oct 2024, up by 58% 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 Ripley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Ripley; 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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