Charleston, WV 25387 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

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. $102,000 median sold price is the primary indicator of current market value in 25387 and, combined with the noted down price year-over-year trend, suggests recent transactions are occurring at lower price points than a year ago.
2. 250 median days on market points to materially slower sales velocity and may indicate pricing friction or extended negotiation periods rather than rapid turnover; this long time on market appears consistent with a shift toward buyer leverage in recent sales.
3. $84.38 median price per square foot alongside a $775 median market rent shows a disconnect where rents are rising but transaction prices are softening; with rent year-over-year trend up, this supports continued investor interest in income-bearing properties despite softer sales prices.
4. Current 30-year fixed mortgage rates averaging approximately 6.5% to 6.75% and moderate interest rate pressure occur against a market temperature characterized as neutral, implying financing costs are a headwind but market balance remains neither strongly favoring buyers nor sellers.

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.