Teays Housing Market Report December 2024•Putnam County, West Virginia

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Housing Prices in Teays, WV

How much do homes in Teays, WV cost?

Housing Market Conditions

Is Teays, 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

Teays is a Seller's Market

Difference Since December 2023

Since last year, Teays has remained a Seller's Market.

Insight

Teays 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.
$345,000$149/SqFt
+$45,000
+15.0%

Based on all homes sold in the last 12 months

Insight

Homes in Teays have sold for 15% more than they did a year ago.

Summary: The median home sold price in Teays was $345,000 in December 2024, up 15% from last year, and the median price per square foot was $149.

Median Sold Price By City

Median Sold Price By City
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
Scott Depot
+26.2%
Scott
+19.2%
Teays
+15.0%
Curry
+10.3%
Hurricane
0.0%

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 2023Dec 2024Change YoY
1$137K-
N/A
2$131K$190K
+45.0%
3$267.6K$275K
+2.8%
4$360K$380K
+5.6%
5$400K$465K
+16.3%

Summary: Teays housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +45.0%. The home price for 3 bedroom homes increased by +2.8%. The home price for 4 bedroom homes increased by +5.6%. The home price for 5 bedroom homes increased by +16.3%.

Housing supply in Teays, WV

How many homes are available in Teays, 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
36Last MonthDec 2024
442 months agoNov 2024
-18.2 %
Change MoMNov – Dec

Summary: The Teays real estate market had 36 homes for sale in Dec 2024, a 18.2 % decrease compared to Nov 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
15Last MonthDec 2024
132 months agoNov 2024
+15.4 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
100
0.0%
231
-66.7%
31214
+16.7%
42116
-23.8%
585
-37.5%

Summary: Teays housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -66.7%. The inventory for 3 bedroom homes increased by +16.7%. The inventory for 4 bedroom homes decreased by -23.8%. The inventory for 5 bedroom homes decreased by -37.5%.

Asking Price vs. Sold Price

How much do homes in Teays, 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 Price7 Homes

At Asking Price2 Homes

Under Asking Price6 Homes

Insight

If you're buying a home in Teays, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Teays in December 2024, up by 15.4% month-over-month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and and 47% were sold over asking.

Days on Market for Teays, WV

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

Breakdown of Home Sale Times

Under 30 Days11 Homes

30 – 90 Days4 Homes

Over 90 Days0 Home

Insight

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

Summary: During December 2024, 15 homes were sold in Teays; 73% of homes were sold within 30 days, 27% 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.
This Year1 year agoChange YoY
15 DaysThis YearDec 2024
16 Days1 year agoDec 2023
-3.3 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Teays had an average listing age of 15 days in Dec 2024, down by 3.3% compared to the previous year.

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Newest Listings in Teays, WV

What homes are available in Teays, WV?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Kanawha Valley MLS Inc., for the period 01/01/2023 - 01/01/2025

Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Kanawha Valley Board of Realtors. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. This listing data is updated on a daily basis. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Copyright © 2025 Kanawha Valley Board of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.