$2,820 Closing Credit*
$237,500
1,830 SqFt
3 Beds
•2 Full Baths
Jessica L Alrutz-Speer, Listing Office: JJ Guida Airport Realty
Is Follansbee, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Follansbee has remained a Seller's Market.
Key Takeaway
Follansbee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Follansbee, WV
How much do homes in Follansbee, WV cost?
Median Sold Price
$145,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,000(+29.5%)
Key Takeaway
Homes in Follansbee have sold for 29.5% more than they did a year ago.
Summary: The median home sold price in Follansbee was $145,000 in October 2024, up 29.5% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $93K | N/A |
| 2 Bedrooms | $90K | $67.2K | -25.3% |
| 3 Bedrooms | $111K | $160K | +44.1% |
| 4 Bedrooms | $168.5K | $170.2K | +1.0% |
| 5+ Bedrooms | $120K | $205K | +70.8% |
Summary: Follansbee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.3%, 3 bedroom homes increased by 44.1%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 70.8%.
Median Sold Price Compared To Nearby Cities
| Follansbee | $112K | $145K | +29.5% |
| Weirton | $134.9K | $148.2K | +9.9% |
Housing Supply in Follansbee, WV
How many homes are available in Follansbee, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The Follansbee real estate market had 23 homes for sale in October 2024, a 8.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Follansbee housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Follansbee, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Follansbee in October 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Follansbee, WV
How long does it take to sell a home in Follansbee, WV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 52 Days | +18.1% |
Summary: Homes in Follansbee had an average of 52 days on market in Oct 2024, up by 18.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Follansbee has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Follansbee; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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