The story of this market
The typical home in ZIP 24701 sells for about $135,800, or $76 per square foot.
Prices are down 13.29% from a year ago, which gives buyers more room to negotiate. Homes take about 76 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $811 a month.
ZIP 24701 — Bluefield
The 24701 housing market is currently a buyer's market characterized by declining home prices and increasing days on market. High vacancy rates and significant year-over-year price drops suggest a challenging environment for sellers and a need for caution among potential investors.
This area is primarily suited for budget-conscious buyers seeking affordability, though the high vacancy and market volatility suggest it is better suited for those with local market knowledge rather than passive investors.
Median prices moved down 13.3% year over year.
Homes spend a median of 76 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.0% · poverty 17.0% — a stable, low-distress profile.
ZCTA 24701, Mercer County WV
The rental market shows limited data with a high vacancy rate of 17.5% and significant year-over-year rent volatility.
The local economy is centered in Mercer County with a mix of traditional regional industries.
Data sourced from Repit.org and Realtor.com market research.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.