Comprehensive market data and analysis• Updated Dec 2025
12.6 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 4 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | 1 | 1 | 1 | 7 |
| 5-10 acres | - | 3 | 7 | 11 |
| 10-20 acres | - | - | - | 2 |
| 20-50 acres | 1 | 1 | 5 | 10 |
| 50-100 acres | - | - | 1 | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 5 | 15 | 35 |
Acreage buckets
The median price for land in Romney, West Virginia is currently $7K per acre. For a typical parcel, the median sale price is $60K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $14K while premium lots reached $149K.
Romney, West Virginia is currently a strong buyer's market with 12.6 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 7.2% year-over-year.
Romney, West Virginia currently has 12.6 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Over the past 12 months, Romney, West Virginia saw 35 properties sold, totaling $2.8M in sales volume. In just the last 3 months, 5 properties changed hands.
The 3-month absorption rate in Romney, West Virginia is 7.9%. The 12-month rate is 13.9%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Romney, West Virginia is 7.9% (3-month basis), indicating slow demand. With appreciating values (+7.2% YoY), the market shows growth potential. The top-performing broker in this market is WEST VIRGINIA LAND & HOME REALTY.
Land in Romney, West Virginia averages $10K per acre. The median price per acre is $7K, which may be more representative of typical transactions. Most parcels sold are around 6.3 acres.
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.
