Is Eastern, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Eastern has remained a Seller's Market.
Key Takeaway
Eastern is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eastern, WV
How much do homes in Eastern, WV cost?
Median Sold Price
$180,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Eastern have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Eastern was $180,000 in May 2024, up 9.1% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $69K | N/A |
| 2 Bedrooms | $117.5K | $116K | -1.3% |
| 3 Bedrooms | $165K | $183K | +10.9% |
| 4 Bedrooms | $240K | $200K | -16.7% |
| 5+ Bedrooms | $250K | $355K | +42.0% |
Summary: Eastern housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 42%.
Median Sold Price Compared To Nearby Cities
| Eastern | $165K | $180K | +9.1% |
| Western | $213.7K | $215K | +0.6% |
| Ripley | $164.5K | $163K | -0.9% |
Housing Supply in Eastern, WV
How many homes are available in Eastern, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The Eastern real estate market had 17 homes for sale in May 2024, a 10.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Eastern 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 decreased by 50%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eastern, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Eastern in May 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Eastern, WV
How long does it take to sell a home in Eastern, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 81 Days | 45 Days | -45.0% |
Summary: Homes in Eastern had an average of 45 days on market in May 2024, down by 45% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Eastern are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Eastern; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
