Charleston West Virginia Housing Market Overview
The Charleston, WV housing market presents valuable opportunities for homeowners looking to sell. Currently, homes in the area are selling for a median price of $195,000, which is approximately 54% below the national average. The median sale price has witnessed an 18.4% decrease from last year, while the price per square foot has risen by 5.6% to $113, indicating consistent buyer interest in well-maintained properties throughout the community.
Charleston’s real estate market remains competitive, with homes typically selling within 14-19 days of listing. Approximately 20% of properties sell above their list price, although the average sale-to-list ratio is 94.8%. For homeowners contemplating a sale, Charleston’s lower cost of living, which is 16% below the national average, continues to attract buyers from more expensive markets. Local factors, such as proximity to downtown amenities, the Capitol complex, and established neighborhoods like South Hills and Kanawha City, significantly influence property values and buyer interest. Weather considerations are also crucial, with properties facing notable risks for severe wind events and flooding, which impact both timing and pricing strategies for sellers.