Is Petroleum, WV 26161 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Petroleum 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 Petroleum housing market right now

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

About the area

Ritchie County, WV

Population	415
Average income	$51,873
Median home value	$162,500
Owner-occupied	100% of homes
Median year built	1977

Natural hazard riskWinter storms (moderate)

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 26161; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 26161

Prefilled for 26161Can I win this house?Multiple-offer likelihood for a listing Prefilled for 26161Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cairo 26337 $155 /sq ft Ellenboro 26346 $119 /sq ft Harrisville 26362Buyer’s market $171 /sq ft Pennsboro 26415Seller’s market $52 /sq ft Browse all markets →

Where Petroleum is

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Questions about Petroleum real estate

What are property taxes in Petroleum?

About 0.66% of a home’s value a year in Ritchie County, or roughly $2,640 on a $400,000 home.

Local agents

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More tools for 26161

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 Ritchie County property taxes Ritchie County loan limits Closing costs in West Virginia Hottest ZIP codes in West Virginia

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