Newell, WV Foreclosures
How much do homes sell for in Newell, WV?
The average home price is currently $99,342.
What’s the average rental cost in Newell, WV?
The average rental price in Newell is $801.
What is the most expensive home in Newell?
The most expensive home sold in Newell had a price of $9,302,910.
What is currently the cheapest priced home in Newell, WV?
The cheapest home for sale in Newell is priced at $14,825.
Living in Newell, WV
Newell, West Virginia is a quaint town nestled along the banks of the Ohio River, known for its rich history and close-knit community atmosphere. With a population just over 1,500, this small town offers a peaceful lifestyle with easy access to larger urban areas. Residents enjoy the picturesque scenery and a variety of outdoor activities, making it an ideal place for families and retirees alike.
Current Market Conditions in Newell, WV
The real estate market in Newell is characterized by affordable housing options, with a mix of older homes and modern constructions. The community’s charm coupled with its picturesque views of the Ohio River attract both investors and first-time homebuyers. Newell is currently experiencing steady demand, particularly for family-sized homes and properties with outdoor space, indicating a healthy growth trend in the local real estate landscape.
Over the past year, there has been a slight increase in home values as buyers seek affordable housing options in quieter areas. As more people are given the flexibility to work remotely, areas like Newell, with their appealing price points and community feel, have attracted more interest. Homes are being bought and sold at a quicker pace compared to previous years, indicating a more competitive market.
In the past month, the market has shown signs of increased activity, with several properties going under contract within days of being listed. The steady influx of buyers looking for homes in peaceful settings suggests a positive outlook for the housing market in Newell. Prices are expected to continue to rise gradually, reflecting the ongoing demand.
Home Value Estimator For Newell, WV
There are currently 613 real estate properties
in Newell, WV,
with a median automated valuation model (AVM) price
of $68,612.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Newell, WV, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Newell, WV,
is $99,342.00, with the most expensive house
in Newell, WV, topping out
at $9,302,910.00 and the cheapest home
in Newell, WV,
clocking in at $14,825.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Newell, WV!
Rent Prices
In Newell, WV
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Newell, WV, is on
a rollercoaster ride. The
average rent price in Newell, WV,
is $801.00. Indeed, when looking to rent in
Newell, WV, you can expect to pay as little
as $450.00 or as much
as $1,820.00,
with the average rent median estimated to
be $760.00. The good news is that finding
an affordable and desirable property to rent in Newell, WV
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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