$2,909 Closing Credit*
$245,000
1,200 SqFt
3 Beds
•2 Full Baths
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 November 2023
At the same time last year, Farmville was a Buyer's Market.
Key Takeaway
Farmville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Farmville, VA
How much do homes in Farmville, VA cost?
Median Sold Price
$314,847
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,847(+17.5%)
Key Takeaway
Homes in Farmville have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in Farmville was $314,847 in November 2024, up 17.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $460K | +384.2% |
| 2 Bedrooms | $100K | $209K | +109.0% |
| 3 Bedrooms | $264.7K | $299.9K | +13.3% |
| 4 Bedrooms | $305.5K | $334.4K | +9.5% |
| 5+ Bedrooms | $350K | $492K | +40.6% |
Summary: Farmville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 384.2%, 2 bedroom homes increased by 109%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 40.6%.
Housing Supply in Farmville, VA
How many homes are available in Farmville, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 56 | 0.0% |
Summary: The Farmville real estate market had 56 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 30 | 30 | 0.0% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Farmville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Farmville, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Farmville in November 2024, down by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 56 Days | +706.1% |
Summary: Homes in Farmville had an average of 56 days on market in Nov 2024, up by 706.1% compared to last year.
Breakdown of Home Sale Times
4 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 November 2024, 8 homes were sold in Farmville; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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