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PETROLEUM, WV 26161

Real Estate Market Report  ·  Ritchie County
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

Data as of June 2026. Source: Realtor.com.

The PETROLEUM, WV real estate market (26161) currently shows 2 active listings. Homes are averaging 17 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 17 days on market compared to 268 days last year.

The median listing price has fallen 47.1% year-over-year, from $430,000 to $227,500.

Whether you are buying or selling in PETROLEUM, WV, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 526  ·  Density: 4.1/mi²  ·  Median household income: $54,375

Typical home value: $0  ·  Homeownership: 100.0%

Market Overview

Active Listings
2
vs 2 last year
Pending
0
0% pending ratio
Median Price
$227,500
⇩ 47.1% vs $430,000 last year
Average Price
$227,500
⇩ 47.1% vs $430,000 last year
Days on Market
17
⇩ 93.7% vs 268 days last year

Price Per Square Foot

Median $/sqft
$94
Median Home Size
1,600 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 17 now vs 268 last year

Median & Average Pricing

Year over Year
  • Median: $227,500 (-47.1% YoY)
  • Average: $227,500 (-47.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.3 miles — 55 listings ($12,615,182 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
26161Petroleum, WV 261610.0 mi1$135,000$135,000$135,000
26337Cairo, WV 263376.8 mi4$570,000$142,500$142,500
26184Waverly, WV 2618410.4 mi3$552,375$184,125$184,125
26142Davisville, WV 2614211.3 mi3$171,000$57,000$57,000
26346Ellenboro, WV 2634613.3 mi1$139,900$139,900$139,900
26104Parkersburg, WV 2610414.1 mi27$5,485,698$157,450$203,174
26134Belmont, WV 2613414.5 mi3$1,101,501$255,000$367,167
26136Big Bend, WV 2613615.8 mi1$150,000$150,000$150,000
26327Berea, WV 2632717.0 mi0$0$614,900$614,900
26187Williamstown, WV 2618717.3 mi8$3,539,208$255,475$442,401
26421Pullman, WV 2642118.1 mi2$324,500$162,250$162,250
26169Rockport, WV 2616918.3 mi1$275,000$275,000$275,000
26151Mount Zion, WV 2615119.3 mi1$171,000$171,000$171,000

Frequently Asked Questions

How many homes are for sale in PETROLEUM, WV 26161?

As of June 2026, there are 2 active listings in PETROLEUM, WV (zip code 26161), compared to 2 the prior year.

What is the median home price in PETROLEUM, WV 26161?

The median listing price in PETROLEUM, WV 26161 is $227,500 as of June 2026, a 47.1% decrease from $430,000 the prior year.

How long do homes stay on the market in PETROLEUM, WV?

Homes in PETROLEUM, WV 26161 spend an average of 17 days on the market before going under contract, compared to 268 days the prior year.

Is it a seller's or buyer's market in PETROLEUM, WV 26161?

Based on current inventory and days-on-market data as of June 2026, PETROLEUM, WV 26161 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 17 days on market compared to 268 days last year.

How much can I save on real estate commission in PETROLEUM, WV?

With SELL123.com's maximum 3% commission, sellers in PETROLEUM, WV 26161 save an estimated $4,550 compared to a typical 5% commission on the median listing price of $227,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.