West Virginia Real Estate Trends - A New Way to Look at West Virginia Realty

West Virginia Real Estate

Recent trends in West Virginia real estate indicate that prices have evened out as buyer’s and seller’s negotiate a new understanding of the value of property in the modern economic climate. Between the end of 2011 and April of 2012, the average price for a condo or townhouse in West Virginia went from $140,000 to $160,000. Single family homes, both in and out of the city, averaged a list price of $195,000 at the end of last year and seller’s are now asking an average of $193,000. With approximately 48% of the market share, single family homes and townhouses/condos constitute the foundation of the West Virginia real estate market.

While the seller’s of single family homes and condos/townhouses have obviously high hopes for the correct price point for West Virginia real estate, evidence indicates that buyer’s still expect to get great value for their money. Over the past 5 months, the average sale price of a single family home in West Virginia has been $124,000, 41% below the average list price. In the condominium market, the average sale price is $180,000, suggesting that perhaps a number of high priced listings recently sold.

Map of West Virginia Cities - Average Listing Price Change

West Virginia Real Estate:
Largest Increase in Listing Price

City 3 mo.
South Charleston, WV Real Estate
2.08%
Hedgesville, WV Real Estate
1.62%
Berkeley Springs, WV Real Estate
1.32%
Martinsburg, WV Real Estate
0.50%

West Virginia Real Estate:
Largest Decrease in Listing Price

City 3 mo.
Saint Albans, WV Real Estate
2.37%
Hurricane, WV Real Estate
1.51%
Charleston, WV Real Estate
0.52%
Charles Town, WV Real Estate
0.39%

West Virginia Homes For Sale By City

Most Expensive West Virginia Homes for Sale by City

City Median $ 3 mo.
Charles Town, WV Homes for Sale $302,342
0.39%
Charleston, WV Homes for Sale $252,093
0.52%
Hurricane, WV Homes for Sale $223,131
1.51%
Berkeley Springs, WV Homes for Sale $221,952
1.32%
Hedgesville, WV Homes for Sale $219,958
1.62%

Least Expensive West Virginia Homes for Sale by City

City Median $ 3 mo.
Saint Albans, WV Homes for Sale $132,127
2.37%
South Charleston, WV Homes for Sale $156,056
2.08%
Martinsburg, WV Homes for Sale $199,220
0.50%
Hedgesville, WV Homes for Sale $219,958
1.62%
Berkeley Springs, WV Homes for Sale $221,952
1.32%

Best West Virginia Cities for Families and Singles

Top 5 West Virginia Cities for Families

City Homes with
Children
Crime vs. Natl. Avg.
Teays Valley, WV Local Info 32.00% 0.47
Clarksburg, WV Local Info 30.00% 0.68
Saint Albans, WV Local Info 29.00% 0.76
Martinsburg, WV Local Info 29.00% 1.58
Vienna, WV Local Info 27.00% 0.46

Top 5 West Virginia Cities for Singles

City Unmarried Female
to Male
Morgantown, WV Local Info 87.00% 46% / 54%
Huntington, WV Local Info 73.00% 51% / 49%
Fairmont, WV Local Info 72.00% 51% / 49%
Charleston, WV Local Info 70.00% 52% / 48%
Martinsburg, WV Local Info 70.00% 51% / 49%
Methodology

Largest Increase in Listing Price Methodology

This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.

Largest Decrease in Listing Price Methodology

This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.

Most Expensive Homes for Sale by City Methodology

This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

Least Expensive Homes for Sale by City Methodology

This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

Top 5 Cities for Families Methodology

This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city's crime rate index against the national crime rate index, which equals 100. A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.

Top 5 Cities for Singles Methodology

This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.