The housing market in Coeburn continues to see strong price appreciation, with values up 53.8% compared to last year. The median home price of $130,000 represents a substantial 53.8% increase from this time last year. With 4.0 months of supply, Coeburn's inventory levels remain relatively tight. Homes are taking about 29 days to sell, which is -26 days longer than this time last year. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Coeburn market with the affordability index at 391.0. Based on current market indicators, home prices in Coeburn are projected to decrease by approximately 3.9% over the next month.
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