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Featured local agent — Cheat Lake, WV
Sarah Mitchell
Compass Real Estate · Cheat Lake, WV
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cheat Lake, WV Housing Market & Real Estate
Housing market overview · Updated monthly ·
$450,000median sale price
How is the Cheat Lake, WV housing market right now?
The median home sale price in Cheat Lake, WV is $450,000, down 18.2% year-over-year. Homes sell in an average of 67 days with 72 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cheat Lake a buyer's or seller's market?
Cheat Lake, WV is currently a balanced market, based on 2.5 months of supply and homes selling in about 67 days. How we determine this →
Homes sold
29
Last 12 weeks
Days on market
67
Average pace
Active listings
72
2.5 months supply
Sale-to-list
98.3%
Below asking
What does the Cheat Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $450,000 |
| Median list price | $630,000 |
| Year-over-year price change | -18.2% |
| Average days on market | 67 days |
| Active inventory | 72 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 98.3% |
| Median price per sq ft | $179/sq ft |
| Homes sold (latest month) | 29 |
| New listings (latest month) | 21 |
| Listings with a price cut | 18.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Cheat Lake by property type?
How the Cheat Lake, WV market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $570,000 | $179/sq ft | 24 | 64 days |
| Townhouse | $310,000 | $181/sq ft | 5 | 70 days |
Source: Redfin · Updated monthly
The Cheat Lake housing market is currently classified as a balanced market with a median sale price of $450,000. Prices have fallen 18.2% compared to last year, with homes spending an average of 67 days on market, indicating 2.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Cheat Lake
There are currently 72 homes listed for sale in Cheat Lake, West Virginia. The median listing price is $630K.
Active listings
72
Homes on market
Median list price
$630K
Avg. days on market
67
Days until sale
New this week
21
Newly listed
Who lives in Cheat Lake?
Population
10,485
Median income
$111,379/yr
Median age
41.5 years
Owner-occupied
80.2%
College grads
58.7%
Avg commute
23.3 min
Source: U.S. Census Bureau ACS
What is it like to live in Cheat Lake?
Cheat Lake is a community of approximately 10K residents with a median age of 41.5 years.The median household income is $111,379, which reflects a relatively affluent area with strong earning potential. 58.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 80.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cheat Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Cheat Lake, WV?
Want a head-to-head view? Compare Cheat Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Cheat Lake?
The median home sale price in Cheat Lake is $450,000, down 18.2% from last year.
How long do homes stay on market in Cheat Lake?
Homes typically spend 67 days on market before going under contract.
What is the median income in Cheat Lake?
The median household income is $111,379 per year.
Is Cheat Lake a buyer's or seller's market?
With 2.5 months of supply, Cheat Lake is currently a balanced market.
How much does a single-family home cost in Cheat Lake?
The median single-family home price in Cheat Lake, WV is $570,000 (about $179 per square foot).
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