Elkins, WV metro area Housing Market
Cold MarketComprehensive housing market data for the Elkins, WV metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$175K
↓ 23.6% YoY
Days on Market
91 days
↓ 7.1% YoY
Active Inventory
67
↓ 1.5% YoY
Homes Sold
11
↑ 120.0% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Elkins, WV metro area Market Summary
The Elkins, WV metro area housing market is cooling down. As of March 2026, the median home sale price is $175K, down 23.6% year-over-year. Homes are spending a median of 91 days on the market, 7.1% shorter than a year ago.
There are 67 homes for sale — 1.5% fewer than last year. With 6.1 months of supply, this is a buyer's market. 15 new listings were added during this period, down 25.0% year-over-year.
Homes are selling for 90.6% of their list price on average, suggesting room for negotiation. 9.1% of homes sell above their asking price. 29.9% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
93
Contributing Factors
How This Market Compares
vs. National Median
vs. West Virginia Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 60% below the national median, which could indicate stronger cash flow potential.
Elkins, WV metro area Market Trends
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Detailed Market Metrics
Median List Price
$195K
Price per Sq Ft
$105
Sale-to-List Ratio
90.6%
Months of Supply
6.1
Sold Above List
9.1%
Price Drops
29.9%
New Listings
15
↓ 25.0% YoY
Pending Sales
13
Off Market in 2 Weeks
46.1%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.