$5,581 Closing Credit*
$470,000
1,624 SqFt
3 Beds
•2 Full Baths
Matthew H Deaner, Listing Office: Touchstone Realty, LLC
Is Valley, 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, Valley has remained a Seller's Market.
Key Takeaway
Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Valley, WV
How much do homes in Valley, WV cost?
Median Sold Price
$315,239
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,739(+7.0%)
Key Takeaway
Homes in Valley have sold for 7% more than they did a year ago.
Summary: The median home sold price in Valley was $315,239 in October 2024, up 7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172K | $195.2K | +13.5% |
| 2 Bedrooms | $235K | $233K | -0.9% |
| 3 Bedrooms | $291.7K | $299.9K | +2.8% |
| 4 Bedrooms | $358.5K | $417.4K | +16.5% |
| 5+ Bedrooms | $423.5K | $509.1K | +20.2% |
Summary: Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Cities
| Adam Stephens | $212.5K | $235K | +10.6% |
| Tuscarora | $285K | $313.5K | +10.0% |
| Norborne | $325K | $355.5K | +9.4% |
| Hedgesville | $293.9K | $315K | +7.2% |
| Valley | $294.5K | $315.2K | +7.0% |
Housing Supply in Valley, WV
How many homes are available in Valley, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 123 | 144 | +17.1% |
Summary: The Valley real estate market had 144 homes for sale in October 2024, a 17.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 15 | 21 | +40.0% |
| 3 Bedrooms | 67 | 78 | +16.4% |
| 4 Bedrooms | 32 | 34 | +6.3% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Valley, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Valley in October 2024, down by 3.6% month-over-month. Of the 27 sold homes, 48% were sold under asking, 37% were sold at asking, and 15% were sold over asking.
Days on Market for Valley, WV
How long does it take to sell a home in Valley, WV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 42 Days | +52.4% |
Summary: Homes in Valley had an average of 42 days on market in Oct 2024, up by 52.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Valley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in Valley; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
