Top Medium Teams in West Virginia – Ranked by Volume

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    2022 Market Summary

    West Virginia started 2022 with a total of 2,150 single-family homes on the market, with a median home price of $179,900 and an average price per square foot of $130. By the end of the year, inventory had increased to 2,794 homes on the market (+29%), with a median home price of $225,000 (+25%) and an average price per square foot of $133 (+2%).

    At the start of 2022, the median days on market (DOM) was 77 days – by the end of the year, median DOM had increased to 84 days.

    West Virginia started the year with 24% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 29% of West Virginia homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that West Virginia started 2022 as a seller’s market, with an MAI score of 39; by the end of the year, the MAI had dropped to 31 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Latest Posts

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    Amid rising housing costs, prospective homebuyers are looking to relocate: Redfin 

    Nov 20, 2023By

    A record 26% of homebuyers are looking to move to a different part of the country, up from 24% a year ago and 19% before the pandemic began, a Redfin report found. 

    Housing Market News

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    Pending home sales fall to their lowest level in two decades 

    Nov 30, 2023By

    Pending home sales in October fell to their lowest level since 2001 as mortgage rates hit 8%. Still, the Northeast posted a monthly gain in transactions.

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    West Virginia News

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    Investors are buying more, but spending less 

    Oct 22, 2021By

    Real estate investors are buying more properties, but paying less for them, according to a report from RealtyTrac released Thursday based on ATTOM Data Solutions home sales data.