$2,969 Closing Credit*
$250,000
2,196 SqFt
3 Beds
•2 Full Baths, 1 Partial
Debbie Douglass, Listing Office: Douglass & Co Real Estate Team
Is Slate, 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, Slate has remained a Seller's Market.
Key Takeaway
Slate is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Slate, WV
How much do homes in Slate, WV cost?
Median Sold Price
$196,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,000(-4.4%)
Key Takeaway
Homes in Slate have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in Slate was $196,000 in November 2024, down 4.4% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $159K | $208K | +30.8% |
| 3 Bedrooms | $182K | $164K | -9.9% |
| 4 Bedrooms | $299K | $300K | 0.3% |
| 5+ Bedrooms | $280K | $442.5K | +58.0% |
Summary: Slate 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 30.8%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 58%.
Median Sold Price Compared To Nearby Cities
| Tygart | $139K | $140K | +0.7% |
| Slate | $205K | $196K | -4.4% |
| Mineral Wells | $245K | $185.5K | -24.3% |
Housing Supply in Slate, WV
How many homes are available in Slate, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Summary: The Slate real estate market had 11 homes for sale in November 2024, a 35.3% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Slate 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 remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Slate, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Slate in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Slate, WV
How long does it take to sell a home in Slate, WV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 96 Days | +79.8% |
Summary: Homes in Slate had an average of 96 days on market in Nov 2024, up by 79.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Slate are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Slate; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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