Charleston, WV 25313 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. The neighborhood's primary market anchor is the median sold price 171,000; the price year-over-year trend is flat and the market temperature is neutral, indicating pricing stability with limited directional momentum.
2. A long median days on market of 354 signals slower sales velocity and may indicate pricing friction; combined with a relatively constrained active supply in the analyzed sample, sellers should expect measured marketing timelines rather than rapid turnovers.
3. Value density is anchored at a median price per square foot of 119, and the median market rent of 900 alongside a rent year-over-year trend that is up suggests strengthening rental demand even as purchase prices remain stable.
4. Interest rate pressure is characterized as moderate with local 30-year fixed mortgage rates averaging 6.53%, which may limit buyer purchasing power and help maintain the neutral market temperature observed in transaction activity.

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.