Is Steele, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Steele is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Steele has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Steele, WV

How much do homes in Steele, WV cost?

Median Sold Price

$250,000

$131/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$77,500(+44.9%)

Key Takeaway

Homes in Steele have sold for 44.9% more than they did a month ago.

Summary: The median home sold price in Steele was $250,000 in November 2024, up 44.9% from last month, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $172.5K$250K
+44.9%
4 --
N/A
5+ --
N/A

Summary: Steele housing prices by bedroom type for November 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 44.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Steele, WV

How many homes are available in Steele, WV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
42-50.0%

Summary: The Steele real estate market had 2 homes for sale in November 2024, a 50.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 42
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Steele 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Steele, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Steele in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Steele, WV

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

Average Sale Time

Oct 2024Nov 2024CHANGE
41 Days77 Days+85.5%

Summary: Homes in Steele had an average of 77 days on market in Nov 2024, up by 85.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Steele has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Steele; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 3 Days Ago

Newest Listings in Steele, WV

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What housing markets are near Steele, WV?