West Virginia Real Estate Market in 2022: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

September 1st, 2022
Updated September 1st, 2022

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STATE real estate trends

Real estate trends in West Virginia | Sellers | Buyers | Investors | The best and worst of West Virginia | West Virginia resources

West Virginia real estate trends (May 2022)

How is the real estate market in West Virginia?
🏠 Average home value: $140,098
📈 0.46% home value increase month over month
💰 Median sale price: $311,100
⏳ 60 days on the market
🔑 Homes on the market: 3,348
📆 1.4 months of housing inventory
🏦 30-year mortgage rate: 5.56000%
💵 Average income: 48037
State of the market: B-
Home values in West Virginia are plateauing, and homes are sitting in the market for months. With inventory starting to pile up, this market may stay cool for the foreseeable future.
*Data last updated May 2022

Throughout its history, West Virginia's rugged landscape and independent spirit has inspired a thriving tradition of folk music that captures the state's heart. Today, West Virginia's biggest industries include manufacturing, agriculture, and coal mining.

The Mountain State is a major destination for anyone who loves spending time outdoors, featuring an impressive 627 hiking trails that wind through the lush, forested Appalachians and overlook scenic river valleys.

Though most of the state is considered rural, West Virginia's notable cities include Charleston, Huntington, and Morgantown, to name a few.

If you're thinking of buying or selling in West Virginia, these West Virginia housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in West Virginia

West Virginia real estate market forecast for sellers
⏰ Homes are selling 4 days faster than the annual average
💰 Homes are selling for $23,147 more than the annual average
💸 Average listing commission: 2.720%
💸 Average buyer's commission: 2.72%

How to sell a home in West Virginia

Cost to sell a home in West Virginia

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Buying a home in West Virginia

How much home you can buy with $300,000 in...
🏠 Huntington: 3,093 sq ft
🏡 Wheeling: 2,913 sq ft
🏡 Charleston: 3,226 sq ft
🏠 Morgantown: 1,911 sq ft

Investing in West Virginia real estate

Best of West Virginia

Each month, we compare locations in West Virginia based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in West Virginia
1. Tucker County
2. Jefferson County
3. Pendleton County
4. Morgan County
5. Pocahontas County

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Worst of West Virginia

Each month, we compare locations in West Virginia based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in West Virginia
1. McDowell County
2. Calhoun County
3. Mingo County
4. Clay County
5. Roane County

West Virginia resources

👋 Next Steps: Talk to an expert!

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Frequently asked questions about West Virginia real estate

West Virginia is a good state to invest in real estate, especially in bigger cities like Charleston and Huntington, where demand for housing is high. Still, for your investment to pay off, you will first need to find what types of properties are profitable and which neighborhoods to buy in. Learn more in our guide to real estate investing.

For most people, it might not be a good time to buy a house in West Virginia. Listing prices and mortgage rates are higher than normal, both of which can make it difficult to find a good deal. If you really need to buy right now, however, then you’ll need to work with an experienced real estate agent to help you find a greate property.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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