Is Farmville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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, NC
How much do homes in Farmville, NC cost?
Median Sold Price
$240,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Farmville have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Farmville was $240,000 in May 2024, up 11.6% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209.6K | $55K | -73.8% |
| 2 Bedrooms | $162.5K | $125K | -23.1% |
| 3 Bedrooms | $182K | $228.5K | +25.5% |
| 4 Bedrooms | $331.9K | $312K | -6.0% |
| 5+ Bedrooms | $263.6K | $233K | -11.6% |
Summary: Farmville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 73.8%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 25.5%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 11.6%.
Median Sold Price Compared To Nearby Cities
| Farmville Township | $214.5K | $240K | +11.9% |
| Farmville | $215K | $240K | +11.6% |
Housing Supply in Farmville, NC
How many homes are available in Farmville, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The Farmville real estate market had 23 homes for sale in May 2024, a 9.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Farmville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 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. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Farmville in May 2024, up by 125.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Farmville, NC
How long does it take to sell a home in Farmville, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 11 Days | -24.8% |
Summary: Homes in Farmville had an average of 11 days on market in May 2024, down by 24.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Farmville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Farmville; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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