Cheat Lake, WV Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Cheat Lake, WV is $710,000, up 69.3% year-over-year. Homes sell in an average of 126 days with 47 active listings. The market is currently a buyer's market.
$710,000median sale price
Is Cheat Lake a buyer's or seller's market?
Cheat Lake, WV is currently a buyer's market, based on 9.4 months of supply and homes selling in about 126 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
126
Average pace
Active listings
47
9.4 months supply
Sale-to-list
96.8%
Below asking
Cheat Lake, WV market data
| Metric | Value |
|---|---|
| Median sale price | $710,000 |
| Median list price | $377,000 |
| Year-over-year price change | +69.3% |
| Average days on market | 126 days |
| Active inventory | 47 listings |
| Months of supply | 9.4 months |
| Sale-to-list price ratio | 96.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Cheat Lake housing market is currently classified as a buyer's market with a median sale price of $710,000. Prices have risen 69.3% compared to last year, with homes spending an average of 126 days on market, indicating 9.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Cheat Lake
There are currently 47 homes listed for sale in Cheat Lake, West Virginia. The median listing price is $377K.
Active listings
47
Homes on market
Median list price
$377K
Avg. days on market
126
Days until sale
New this week
14
Newly listed
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Frequently asked questions
What is the average home price in Cheat Lake?
The median home sale price in Cheat Lake is $710,000, up 69.3% from last year.
How long do homes stay on market in Cheat Lake?
Homes typically spend 126 days on market before going under contract.
Is Cheat Lake a buyer's or seller's market?
With 9.4 months of supply, Cheat Lake is currently a buyer's market.
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