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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Washington was a Neutral Market.

Key Takeaway

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

Housing Prices in Washington, WV

How much do homes in Washington, WV cost?

Median Sold Price

$239,450

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,950(+9.6%)

Key Takeaway

Homes in Washington have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Washington was $239,450 in October 2024, up 9.6% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$90K
N/A
2 $128.5K$80K
-37.7%
3 $198K$211K
+6.6%
4 $295K$310K
+5.1%
5+ $279K$475K
+70.3%

Summary: Washington 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 decreased by 37.7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 70.3%.

Housing Supply in Washington, WV

How many homes are available in Washington, WV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1516+6.7%

Summary: The Washington 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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1110
-9.1%
4 35
+66.7%
5+ 00
0.0%

Summary: The Washington 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 remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Washington in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Washington, WV

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

Average Sale Time

Oct 2023Oct 2024CHANGE
50 Days21 Days-56.7%

Summary: Homes in Washington had an average of 21 days on market in Oct 2024, down by 56.7% compared to last year.

Breakdown of Home Sale Times

2 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

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

Summary: During October 2024, 3 homes were sold in Washington; 67% of homes were sold within 30 days, 33% 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 20 Days Ago

Newest Listings in Washington, WV

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