$1,781 Closing Credit*
$150,000
640 SqFt
2 Beds
•1 Full Bath
Navona Hart, Listing Office: Century 21 Realty @ Home
Is Farmville, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Farmville has remained a Seller's Market.
Key Takeaway
Farmville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Farmville, VA
How much do homes in Farmville, VA cost?
Median Sold Price
$316,850
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$56,850(+21.9%)
Key Takeaway
Homes in Farmville have sold for 21.9% more than they did a year ago.
Summary: The median home sold price in Farmville was $316,850 in September 2024, up 21.9% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $460K | +384.2% |
| 2 Bedrooms | $79K | $118.5K | +50.0% |
| 3 Bedrooms | $260.7K | $309.9K | +18.8% |
| 4 Bedrooms | $295K | $339K | +14.9% |
| 5+ Bedrooms | $349K | $492K | +41.0% |
Summary: Farmville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 384.2%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 41%.
Housing Supply in Farmville, VA
How many homes are available in Farmville, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 55 | 54 | -1.8% |
Summary: The Farmville real estate market had 54 homes for sale in September 2024, a 1.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Farmville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Farmville, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Farmville in September 2024, up by 10.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 55% were sold at asking, and 9% were sold over asking.
Days on Market for Farmville, VA
How long does it take to sell a home in Farmville, VA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 29 Days | 33 Days | +16.6% |
Summary: Homes in Farmville had an average of 33 days on market in Sep 2024, up by 16.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Farmville are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 11 homes were sold in Farmville; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.