24740 — Mercer County, West Virginia Market Snapshot
Housing market data for zip code 24740 in Mercer County, West Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
17 sales in 2026 (year to date)
Median Sale Price
$153,500
Days to Sell
62
Homes Sold
17
Inventory
32
Sale-to-List
95.8%
New Listings
37
Price/SqFt
$96
Pending Sales
28
Conforming Loan Available
Most homebuyers in 24740 can comfortably use conventional financing. The median home price of $153,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 62 days on average, 24740 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 24740 sells for 4.2% below asking price (95.8% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 24740 can comfortably use conventional financing. The median home price of $153,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 24740 are set at the county level.
2026 Loan Limits — Mercer County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 24740
To purchase the median home at $153,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,326.
Monthly Payment
$1,326
Income Required
$56,832
Principal & Interest
$946/mo
Down Payment (5%)
$7,675
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 24740.
Estimated Monthly Payment
$1,100
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 24740. Tell us what you're looking for.