Wirt County, WV housing market

What this means

• Prices. Home values are down 3.0% over the past year (U.S.: +1.2%).
• Supply. Listings are 45% below the 2017-19 norm and falling (−30% vs. a year ago): still a tight market.
• Negotiating. Buyer leverage is moderate (49/100; U.S.: 54): homes sell for about 9.9% below their final list price; 0% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 17% of the median household income (U.S.: 35%); it takes about $29k a year to keep the payment at 30% of gross pay. That includes about $895 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $357 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding. Flood isn't covered by standard homeowners insurance.
• Outlook. No clear direction: likely −9% to +8% over the next 12 months (57% chance of a rise).

Next 12 months

No clear direction

A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −8.6% to +7.8% (80% range; middle estimate +0.9%), chance of a rise 57%, of a 5%+ drop 19%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

ZIP codes in Wirt County, WV