Summer brings about a lot of change in the real estate market, especially in an area like Kanawha County. According to previous trends, spring and summer are the best months to sell your home and West Virginia is no different.
Keep on reading to learn more about the latest Kanawha County real estate trends for June.
Looking Back on Kanawha County Real Estate Trends
Kanawha County real estate trends predicted that the real estate market of West Virginia (where Kanawha County is located) will stay fairly stable throughout 2022. Homes in Kanawha County sold for nearly 20% above asking price back in January 2022, with the median days spent on the market being 113.
Kanawha County Real Estate Trends for Q3
Kanawha County was a strong buyer’s market back in January, meaning there were more houses being sold than those looking to buy.
As of May 2022, however, this has changed slightly. According to List with Clever, Kanawha County homes now only spend 65 days on average on the market. This is nearly half the time it did six months ago. Safe to say people are looking to buy in this idyllic West Virginia county.
In fact, homes are now selling one day faster than the national average! West Virginia has now shifted from a buyer’s market to a seller’s market. Homes now sell for an average of $290,000, with a 19.3% year-to-year growth. Homes are now selling at 45.6% above the asking price, with all of the homes getting at least as much as they asked for. This growth began in 2018 and is predicted to keep on going as the years progress.
Based on previous data gathered by Redfin, houses reached their peak selling price during the summer months: June, July, August. So, it can be predicted that the current selling price of $290,000 will likely go up as we course through summer.
The most popular type of house being sold on the market in Kanawha County are ones with two or three bedrooms. This is in-line with the types of homes buyers are looking for.
The number of homes listed on the market are slowly rising, so it’s only a matter of time before the real estate market swings once again to becoming a buyer’s market. Those looking to sell their homes and take advantage of the upward trend need to do so quickly before other homes start being listed.
Sell To a Professional Home Buyer
If you want to get in on the major housing boom going on in Kanawha County, you need to sell your house fast in Kanawha County! Traditional means of selling could take a while, so you should consider selling to a professional cash home buyer like 3 Oh 4 Investments, LLC. We buy houses in Kanawha County quickly and with no hidden fees whatsoever.
We are cash home buyers from West Virginia and we’re ready to give you a fair cash offer for your property! You don’t have to wait or file any paperwork before selling to us. All you need to do is to seek permission from the court and you’re good to go! If you want to sell your house fast for cash in West Virginia, consider selling your property to professional home buyers like 3 oh 4 Investments, LLC.
Contact us today!
If you live in Kanawha County, West Virginia and are looking to sell your property, the experts at 3 Oh 4 Investments, LLC can help you! We are a real estate solutions company that is committed to providing our clients with a variety of real estate services.
Our goal at 3 Oh 4 Investments, LLC is to improve the overall quality of housing for the residents of West Virginia. We buy houses in just about any condition and situation, including foreclosure, late mortgage payments, or fair market value. For more information about our home buying process, give us a call at 304-314-4341. Sell your house fast with us today!
