Is Kabletown, 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, Kabletown has remained a Seller's Market.
Key Takeaway
Kabletown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kabletown, WV
How much do homes in Kabletown, WV cost?
Median Sold Price
$387,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kabletown have sold for 6% more than they did a year ago.
Summary: The median home sold price in Kabletown was $387,000 in May 2024, up 6% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $387.5K | N/A |
| 2 Bedrooms | $237K | $282.5K | +19.2% |
| 3 Bedrooms | $350K | $360K | +2.9% |
| 4 Bedrooms | $452.5K | $465K | +2.8% |
| 5+ Bedrooms | $502K | $485K | -3.4% |
Summary: Kabletown 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 19.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Summit Point | $405K | $480K | +18.5% |
| Middleway | $370K | $414.5K | +12.0% |
| Charles Town | $360K | $390K | +8.3% |
| Kabletown | $365K | $387K | +6.0% |
| Kearneysville | $370K | $387.6K | +4.8% |
Housing Supply in Kabletown, WV
How many homes are available in Kabletown, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 79 | 71 | -10.1% |
Summary: The Kabletown real estate market had 71 homes for sale in May 2024, a 10.1% 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 38 | 35 | -7.9% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Kabletown 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 16.7%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kabletown, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Kabletown in May 2024, down by 21.7% month-over-month. Of the 18 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Kabletown, WV
How long does it take to sell a home in Kabletown, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 23 Days | +64.5% |
Summary: Homes in Kabletown had an average of 23 days on market in May 2024, up by 64.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kabletown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Kabletown; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
