Is Middleway, 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, Middleway has remained a Seller's Market.
Key Takeaway
Middleway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middleway, WV
How much do homes in Middleway, WV cost?
Median Sold Price
$414,500
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Middleway have sold for 12% more than they did a year ago.
Summary: The median home sold price in Middleway was $414,500 in May 2024, up 12% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | - | N/A |
| 2 Bedrooms | $262K | $324.2K | +23.8% |
| 3 Bedrooms | $300K | $321K | +7.0% |
| 4 Bedrooms | $510K | $559.4K | +9.7% |
| 5+ Bedrooms | $600K | $484K | -19.3% |
Summary: Middleway 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 23.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 19.3%.
Median Sold Price Compared To Nearby Cities
| Summit Point | $405K | $480K | +18.5% |
| Middleway | $370K | $414.5K | +12.0% |
| Ranson | $275K | $292.6K | +6.4% |
| Kearneysville | $370K | $387.6K | +4.8% |
| Shenandoah | $293.6K | $305K | +3.9% |
Housing Supply in Middleway, WV
How many homes are available in Middleway, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 26 | 0.0% |
Summary: The Middleway real estate market had 26 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Middleway 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 11.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middleway, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Middleway in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Middleway, WV
How long does it take to sell a home in Middleway, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 30 Days | -50.9% |
Summary: Homes in Middleway had an average of 30 days on market in May 2024, down by 50.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middleway are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Middleway; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
