Is Farmville, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Farmville is a 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

# BEDSSep 2023Sep 2024CHANGE
1 $95K$460K
+384.2%
2 $79K$118.5K
+50.0%
3 $260.7K$309.9K
+18.8%
4 $295K$339K
+14.9%
5+ $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 2024Sep 2024CHANGE
5554-1.8%

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

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 2827
-3.6%
4 1714
-17.6%
5+ 57
+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 2024Sep 2024CHANGE
1011+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

Asking vs Sold - buyer

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 2023Sep 2024CHANGE
29 Days33 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Farmville, VA

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