$36,000
1.49 Acres
Land
Cheryl A. Donohoe, Listing Office: Cunningham Realty
Is Ripley, 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, Ripley was a Neutral Market.
Key Takeaway
Ripley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ripley, WV
How much do homes in Ripley, WV cost?
Median Sold Price
$190,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,000(+21.8%)
Key Takeaway
Homes in Ripley have sold for 21.8% more than they did a year ago.
Summary: The median home sold price in Ripley was $190,000 in November 2024, up 21.8% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $98K | N/A |
| 2 Bedrooms | $110K | $175K | +59.1% |
| 3 Bedrooms | $156K | $175K | +12.2% |
| 4 Bedrooms | $200K | $275K | +37.5% |
| 5+ Bedrooms | $275K | $350K | +27.3% |
Summary: Ripley 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 59.1%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 27.3%.
Median Sold Price Compared To Nearby Cities
| Ripley | $156K | $190K | +21.8% |
| Eastern | $177K | $179K | +1.1% |
Housing Supply in Ripley, WV
How many homes are available in Ripley, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Ripley real estate market had 28 homes for sale in November 2024, a 7.7% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Ripley 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 decreased by 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was 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. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Ripley in November 2024, up by 250.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 19 Days | +46.0% |
Summary: Homes in Ripley had an average of 19 days on market in Nov 2024, up by 46% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ripley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Ripley; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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