Is South Charleston, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Charleston is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, South Charleston has remained a Seller's Market.

Key Takeaway

South Charleston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in South Charleston, WV

How much do homes in South Charleston, WV cost?

Median Sold Price

$185,000

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+15.6%)

Key Takeaway

Homes in South Charleston have sold for 15.6% more than they did a year ago.

Summary: The median home sold price in South Charleston was $185,000 in November 2024, up 15.6% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $104.1K-
N/A
2 $105K$119.5K
+13.8%
3 $154K$160K
+3.9%
4 $245.5K$305K
+24.2%
5+ $447.5K$430K
-3.9%

Summary: South Charleston 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 13.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes decreased by 3.9%.

Median Sold Price Compared To Nearby Cities

South Charleston
+15.6%
Charleston
+13.1%
Dunbar
+3.6%

Housing Supply in South Charleston, WV

How many homes are available in South Charleston, WV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7478+5.4%

Summary: The South Charleston real estate market had 78 homes for sale in November 2024, a 5.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1218
+50.0%
3 3537
+5.7%
4 2116
-23.8%
5+ 67
+16.7%

Summary: The South Charleston 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 increased by 50%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1519+26.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Charleston, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in South Charleston in November 2024, up by 26.7% month-over-month. Of the 19 sold homes, 58% were sold under asking, 21% were sold at asking, and 21% were sold over asking.

Days on Market for South Charleston, WV

How long does it take to sell a home in South Charleston, WV?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days33 Days+32.0%

Summary: Homes in South Charleston had an average of 33 days on market in Nov 2024, up by 32% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South Charleston are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in South Charleston; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in South Charleston, WV

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