$2,939 Closing Credit*
$247,500
2,078 SqFt
4 Beds
•3 Full Baths, 1 Partial
Jill R Parker, Listing Office: WEST VIRGINIA LAND & HOME REALTY
Is Romney, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Romney was a Buyer's Market.
Key Takeaway
Romney is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Romney, WV
How much do homes in Romney, WV cost?
Median Sold Price
$202,500
$157/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$68,500(+51.1%)
Key Takeaway
Homes in Romney have sold for 51.1% more than they did a month ago.
Summary: The median home sold price in Romney was $202,500 in October 2024, up 51.1% from last month, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $205K | N/A |
| 2 Bedrooms | - | $190K | N/A |
| 3 Bedrooms | $134K | $200K | +49.3% |
| 4 Bedrooms | - | $350K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Romney housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 49.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Romney, WV
How many homes are available in Romney, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Summary: The Romney real estate market had 38 homes for sale in October 2024, a 11.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Romney housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Romney, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Romney in October 2024, up by 150.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Romney, WV
How long does it take to sell a home in Romney, WV?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 21 Days | -50.4% |
Summary: Homes in Romney had an average of 21 days on market in Oct 2024, down by 50.4% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Romney are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Romney; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
