Why Live in Cheat Lake
Cheat Lake in Morgantown is a growing community known for its outdoor lifestyle, with residents frequently engaging in activities like kayaking, fishing, and hiking. The neighborhood is less than 8 miles from downtown Morgantown and is characterized by its namesake lake, which is a focal point for recreation. Boat rentals are available at Sunset Beach Marina, and Cheat Lake Park offers fishing spots, a playground, and a summer beach. Nearby Coopers Rock State Forest provides hiking, biking, and rock climbing opportunities. The area also features the Lakeview Golf Resort with courses offering lake and mountain views. Homes in Cheat Lake range from split-levels and ranch-style houses from the 1950s to New Traditionals built from the 1990s onward. Prices vary, with lakefront properties commanding higher values. The neighborhood has a mix of suburban enclaves and townhouse communities. While most grocery shopping is done in Morgantown, local dining options include lakefront restaurants like The Lakehouse Restaurant and Tropics Hawaiian restaurant. The West Virginia Botanic Garden and Cheat Area Public Library are popular local attractions. Cheat Lake is served by highly rated schools, including Cheat Lake Elementary, Mountaineer Middle, and University High. The area is generally safer than the national average, though some parts are at an elevated risk of flooding. Traffic can be a consideration for commutes, with travel times to downtown Morgantown varying during peak hours.
Home Trends in Cheat Lake, WV
On average, homes in Cheat Lake, WV sell after 64 days on the market compared to the national average of 50 days. The median sale price for homes in Cheat Lake, WV over the last 12 months is $520,000, up 16% from the median home sale price over the previous 12 months.
Median Sale Price
$520,000
Median Single Family Sale Price
$542,500
Median Townhouse Sale Price
$296,250
Average Price Per Sq Ft
$178
Number of Homes for Sale
12
Last 12 months Home Sales
89
Median List Price
$525,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
16%