$2,136 Closing Credit*
$179,900
1,485 SqFt
3 Beds
•1 Full Bath
Craig E See, Listing Office: Pioneer Ridge Realty
Is Romney, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Romney has remained a Seller'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
$200,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$20,725(-9.4%)
Key Takeaway
Homes in Romney have sold for 9.4% less than they did a year ago.
Summary: The median home sold price in Romney was $200,000 in November 2024, down 9.4% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40.2K | $172.5K | +328.6% |
| 2 Bedrooms | $150K | $170K | +13.3% |
| 3 Bedrooms | $227K | $190K | -16.3% |
| 4 Bedrooms | $227.5K | $320K | +40.7% |
| 5+ Bedrooms | $360K | $230K | -36.1% |
Summary: Romney housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 328.6%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 16.3%, 4 bedroom homes increased by 40.7%, and 5+ bedroom homes decreased by 36.1%.
Housing Supply in Romney, WV
How many homes are available in Romney, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 31 | -13.9% |
Summary: The Romney real estate market had 31 homes for sale in November 2024, a 13.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Romney housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Romney, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Romney in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 70 Days | 33 Days | -52.1% |
Summary: Homes in Romney had an average of 33 days on market in Nov 2024, down by 52.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 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 November 2024, 6 homes were sold in Romney; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
