Comprehensive market data and analysis
We're showing West Virginia County statistics below to give you a broader market picture. As more transactions occur in Rachel, West Virginia, we'll update with specific local data.
15.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Rachel, West Virginia | ||||||
The median price for land in the West Virginia area is currently $12K per acre. For a typical parcel, the median sale price is $58K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $10K while premium lots reached $250K.
the West Virginia area is currently a strong buyer's market with 15.4 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 21.4% year-over-year.
the West Virginia area currently has 15.4 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
The 3-month absorption rate in the West Virginia area is 6.5%. The 12-month rate is 6.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 2,538 active listings in the West Virginia area. 762 new listings have hit the market in the last 90 days. The median asking price is $60K.
Over the past 12 months, the West Virginia area saw 1,907 properties sold, totaling $214.2M in sales volume. In just the last 3 months, 496 properties changed hands.
The current absorption rate in the West Virginia area is 6.5% (3-month basis), indicating slow demand. With depreciating values (-21.4% YoY), buyers may find value opportunities. The top-performing broker in this market is WEST VIRGINIA LAND & HOME REALTY.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
