Is Lubeck, 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, Lubeck has remained a Seller's Market.
Key Takeaway
Lubeck is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lubeck, WV
How much do homes in Lubeck, WV cost?
Median Sold Price
$220,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lubeck have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Lubeck was $220,000 in May 2024, up 14.9% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $87.4K | $120K | +37.2% |
| 3 Bedrooms | $180K | $206K | +14.4% |
| 4 Bedrooms | $315K | $272K | -13.7% |
| 5+ Bedrooms | $259.2K | $475K | +83.2% |
Summary: Lubeck 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 increased by 37.2%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes increased by 83.2%.
Median Sold Price Compared To Nearby Cities
| Lubeck | $191.5K | $220K | +14.9% |
| Washington | $226.5K | $250K | +10.4% |
| Belpre Township | $184K | $195.5K | +6.3% |
| Tygart | $133K | $140.2K | +5.5% |
| Belpre | $186.5K | $190K | +1.9% |
Housing Supply in Lubeck, WV
How many homes are available in Lubeck, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 37 | -5.1% |
Summary: The Lubeck real estate market had 37 homes for sale in May 2024, a 5.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lubeck 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 remained the same, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lubeck, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Lubeck in May 2024, up by 85.7% month-over-month. Of the 13 sold homes, 77% were sold under asking, 8% were sold at asking, and 15% were sold over asking.
Days on Market for Lubeck, WV
How long does it take to sell a home in Lubeck, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 83 Days | +54.7% |
Summary: Homes in Lubeck had an average of 83 days on market in May 2024, up by 54.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lubeck has remained consistent over time.
Summary: During May 2024, 13 homes were sold in Lubeck; 31% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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