Is Elkhorn, WV 24831 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Elkhorn is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Elkhorn housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

McDowell County, WV

Population	393
Median income	$57,652
Average income	$44,648
Owner-occupied	100% of homes
Median year built	1950

Natural hazard riskLow for the hazards we track

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 24831; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 24831

Prefilled for 24831Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24831Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Anawalt 24808 — /sq ft Avondale 24811 — /sq ft Elbert 24830 — /sq ft Iaeger 24844 — /sq ft Browse all markets →

Where Elkhorn is

Loading map…

Questions about Elkhorn real estate

What are property taxes in Elkhorn?

About 0.67% of a home’s value a year in McDowell County, or roughly $2,680 on a $400,000 home.

Local agents

See all agents in 24831 →

No sponsored agents in 24831 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 24831

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value McDowell County property taxes McDowell County loan limits Closing costs in West Virginia Hottest ZIP codes in West Virginia

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

JavaScript (recommended) iframe only

<div class="offerbacked-widget" data-widget="zip" data-zip="24831"><a href="https://offerbacked.com/market/24831">Elkhorn, WV 24831 housing market data from OfferBacked</a></div>
<script async src="https://offerbacked.com/widget.js"></script>

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview Dark version

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology