Henry Clay Furnace · Photo: Brian Masney · CC BY-SA 3.0157 homes sold in Cheat Lake in the last year, at a typical $449K
About one sale in 5 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Cheat Lake homes are listed.
Every place Cheat Lake homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Cheat Lake.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 79% of Cheat Lake’s sales, at a typical $535K
157 homes sold in the year to May 2026.
typical sale · 124 sold in 12 months
- Per square foot
- $184WV $144
- Days to sell
- 76
- Sold over asking
- 15%
- Listings with a price cut
- 19%
Multi-family (2–4 units): 3 sold, typical $418K
Townhouses: 30 sold, typical $290K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.5 times the 2016 price
157 sales in the last year, against 289 in 2021 and a low of 156 in 2025. The typical sale went from $295K in 2016 to $449K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $450K buys in Cheat Lake
Check a listing against what Cheat Lake homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Cheat Lake are more common than before the pandemic, but 40% fewer homes come up for sale
We read every month of Cheat Lake’s home sales since 2015 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 157 sales.
If you’re buying in Cheat Lake
- Shop in May. It brings about 19 new listings a month, close to the busiest month, with fewer bidding wars (8% over asking).
- Offer under asking. Buyers paid 97.8% of the list price on average; 14% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Spring brings both the most homes and the most bidding wars
March has the most new listings (about 23 a month), but April is the most competitive: 15% of April sales close over asking. May and June offer nearly as much choice with fewer homes bid up (8%). January has the least competition (5%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like West Virginia as a whole
| Cheat Lake now | 2017–19 | 2021 peak | WV now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 14% | 8% | 14% | 19% |
| Gone within two weeksShare of homes under contract within 14 days | 48% | 0% | 0% | 36% |
| Listings with a price cutShare of homes for sale that cut their price | 19% | — | — | 23% |
| Price paid vs. askingAverage sale price ÷ list price | 97.8% | 97.1% | 98.3% | 96.7% |
| Days to sellMedian days from listing to contract | 72 | 133 | 95 | 59 |
53 homes for sale on a typical day
That’s 1.2 times the 2025 low (45), 40% fewer than in 2017–19 and well under 2019’s 103.
Cheat Lake ranks 22nd of 26 busy West Virginia markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Cheat Lake is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2015 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Cheat Lake home costs about $2,513 a month
Price: Cheat Lake’s typical sale, last 12 months. Property tax at Cheat Lake’s 0.5% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Cheat Lake is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in March
The month with the most choice. December has the fewest, about 9.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $449K home, about $2,040 a year.
Taxes vs. neighborsSchools
The schools grade for Cheat Lake, from test results, graduation and how much students grow.
Schools in Cheat LakeTypical commute
The average one-way trip to work for people who live in Cheat Lake.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Brookhaven, Morgantown, Star City, Westover, Cassville and Masontown sell for less a square foot
The busier markets within 25 miles of Cheat Lake, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Morgantown | 231 | $274K | $158 | 11% | 68 |
| Cheat Lake | 157 | $449K | $180 | 14% | 72 |
| Westover | 71 | $282K | $144 | 14% | 89 |
| Brookhaven | 64 | $343K | $172 | 23% | 86 |
| Cassville | 51 | $276K | $161 | 16% | 79 |
| Masontown | 31 | $125K | $90 | 10% | 106 |
| Star City | 28 | $234K | $146 | 7% | 62 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Cheat Lake, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Cheat Lake. People who follow the town see it, and so do people comparing Cheat Lake with their own town. No commission, no listing fee.
Questions about buying a home in Cheat Lake
What do homes sell for in Cheat Lake, WV?
157 homes sold in the year to May 2026 at a typical $449K, $180 a square foot.
Is Cheat Lake a buyer’s or seller’s market?
A seller’s market: 72 homes were for sale in May 2026 and 29 sold, about 2.5 months of supply. Buyers paid 97.8% of asking on average, and 19% of listings cut their price.
When is the best time to buy in Cheat Lake?
March brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Cheat Lake?
About 0.5% of a home’s value a year. On a $449K home that’s near $2,040.
Where can I see homes for sale in Cheat Lake?
Zillow, Redfin, Realtor.com and Homes.com all carry Cheat Lake’s MLS listings; the search links above open each one filtered to Cheat Lake.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).