$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 October 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
$197,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,000(+6.5%)
Key Takeaway
Homes in Slate have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Slate was $197,000 in October 2024, up 6.5% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $159K | $160K | +0.6% |
| 3 Bedrooms | $177K | $164K | -7.3% |
| 4 Bedrooms | $280K | $305.5K | +9.1% |
| 5+ Bedrooms | $280K | $442.5K | +58.0% |
Summary: Slate 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 0.6%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 58%.
Median Sold Price Compared To Nearby Cities
| Slate | $185K | $197K | +6.5% |
| Tygart | $135K | $140K | +3.7% |
| Mineral Wells | $208K | $198K | -4.8% |
Housing Supply in Slate, WV
How many homes are available in Slate, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Slate real estate market had 16 homes for sale in October 2024, a 6.7% increase 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Slate 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 decreased by 50%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 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. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Slate in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 39 Days | -30.7% |
Summary: Homes in Slate had an average of 39 days on market in Oct 2024, down by 30.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Slate are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Slate; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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