Top Large Teams in West Virginia – Ranked by Sides

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    • Rank – State SidesTeam NameCompanyLocationSidesProfile
    1Dandridge Realty GroupDandridge Realty GroupCharles Town, WV 285.0View Profile

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    2023 West Virginia Housing Market Summary

    West Virginia started 2023 with a total of 2,710 single-family homes on the market, with a median home price of $220,000 and an average price per square foot of $134. By the end of the year, inventory had decreased to 2,476 homes on the market (-8%), with a median home price of $229,900 (+4%) and an average price per square foot of $138 (+2%).

    At the start of 2023, the median days on market (DOM) was 84 days – by the end of the year, median DOM had decreased to 77 days.

    West Virginia started the year with 28% 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 33% of West Virginia homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that West Virginia started 2023 as a seller’s market, with an MAI score of 36; by the end of the year, the MAI had dropped to 34 – 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.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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