Is Mineral County, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mineral County was a Seller's Market.
Housing Prices in Mineral County, WV
How much do homes in Mineral County, WV cost?
Median Sold Price
$188,550
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mineral County was $188,550 in May 2024, up 15.7% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $231.5K | $187.4K | -19.0% |
2 Bedrooms | $115.4K | $140K | +21.3% |
3 Bedrooms | $168K | $185K | +10.1% |
4 Bedrooms | $205K | $222.5K | +8.5% |
5+ Bedrooms | $135K | $391.5K | +190.0% |
Summary: Mineral County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19%, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 190%.
Median Sold Price Compared To Nearby Counties
Hampshire County | $207.5K | $249.9K | +20.4% |
Mineral County | $163K | $188.5K | +15.7% |
Garrett County | $400K | $460K | +15.0% |
Allegany County | $132.4K | $135.1K | +2.0% |
Housing Supply in Mineral County, WV
How many homes are available in Mineral County, WV?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
71 | 77 | +8.5% |
Summary: The Mineral County real estate market had 77 homes for sale in May 2024, a 8.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 11 | 15 | +36.4% |
3 Bedrooms | 37 | 38 | +2.7% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Mineral County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 9 | -35.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Mineral County in May 2024, down by 35.7% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Mineral County, WV
How long does it take to sell a home in Mineral County, WV?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 26 Days | +1.5% |
Summary: Homes in Mineral County had an average of 26 days on market in May 2024, up by 1.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Mineral County; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.