Charleston, WV 25302 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator is the median sold price of 187,950, which anchors recent transaction value and should be treated as the best signal of realized market value in this ZIP code; representative recent sale informs pricing decisions.
2. There is a material gap between the median listing price of 145,450 and the median sold price of 187,950, which may indicate pricing friction or that asking prices are not consistently aligned with final sale outcomes — sellers and agents should adjust pricing expectations accordingly.
3. The median days on market of 355 points to substantially slower sales velocity and suggests longer marketing periods are typical; this longer time-to-contract may indicate moderate transaction friction rather than rapid turnover.
4. Market signals are mixed: the price year-over-year trend is down (down), rent is growing as the rent year-over-year trend is up (up), and interest rate pressure is elevated (elevated), which together suggest buyers face higher financing costs even as rental demand strengthens.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.