Is Mineral Wells, 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, Mineral Wells has remained a Seller's Market.
Housing Prices in Mineral Wells, WV
How much do homes in Mineral Wells, WV cost?
Median Sold Price
$217,225
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mineral Wells was $217,225 in May 2024, up 3.4% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $172K | $192.5K | +11.9% |
3 Bedrooms | $215K | $189K | -12.1% |
4 Bedrooms | $294.7K | $253.2K | -14.1% |
5+ Bedrooms | $344.2K | $282.5K | -17.9% |
Summary: Mineral Wells 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 11.9%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 17.9%.
Housing Supply in Mineral Wells, WV
How many homes are available in Mineral Wells, WV?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Summary: The Mineral Wells real estate market had 10 homes for sale in May 2024, a 16.7% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 5 | -44.4% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mineral Wells 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 decreased by 44.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Mineral Wells in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mineral Wells, WV
How long does it take to sell a home in Mineral Wells, WV?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 90 Days | +97.5% |
Summary: Homes in Mineral Wells had an average of 90 days on market in May 2024, up by 97.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Mineral Wells; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.