Slate Housing Market Report January 2025•Wood County, West Virginia

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Housing Prices in Slate, WV

How much do homes in Slate, WV cost?

Housing Market Conditions

Is Slate, WV a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Slate is a Seller's Market

Difference Since December 2024

Last month, Slate has remained a Seller's Market.

Insight

Slate is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$158,500$84/SqFt
-$249,000
-61.1%

Based on all homes sold in January 2025

Insight

Homes in Slate have sold for 61.1% less than they did a month ago.

Summary: The median home sold price in Slate was $158,500 in January 2025, down 61.1% from last month, and the median price per square foot was $84.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Mineral Wells
-61.1%
Slate
-61.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2024Jan 2025Change YoY
1--
N/A
2--
N/A
3-$158.5K
N/A
4$250K-
N/A
5$565K-
N/A

Summary: Slate housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Slate, WV

How many homes are available in Slate, WV?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
4Last MonthJan 2025
52 months agoDec 2024
-20.0 %
Change MoMDec – Jan

Summary: The Slate real estate market had 4 homes for sale in Jan 2025, a 20.0 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthJan 2025
22 months agoDec 2024
0.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
334
+33.3%
410
-100.0%
510
-100.0%
100
0.0%
200
0.0%

Summary: Slate housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 3 bedroom homes increased by +33.3%. The inventory for 4 bedroom homes decreased by -100.0%. The inventory for 5 bedroom homes decreased by -100.0%. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Slate, WV cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Slate, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Slate in January 2025, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Slate, WV

How long does it take to sell a home in Slate, WV?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Slate are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 2 homes were sold in Slate; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
15 DaysLast MonthJan 2025
105 Days1 month agoDec 2024
-85.8 %
Change MoMDec – Jan

Summary: Homes in Slate had an average listing age of 15 days in Jan 2025, down by 85.8% compared to the previous month.

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Newest Listings in Slate, WV

What homes are available in Slate, WV?

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Nearby markets

Popular Cities with Homes for Sale in West Virginia

MLS Disclaimers and Copyright

Based on information from MLS Now, for the period 12/01/2024 - 02/01/2025

IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 11:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.