Cheat Lake, WV
Housing market overview · Updated weekly
$710,000median sale price
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
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
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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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