Is Farmville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$248,450
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Farmville have sold for 21.2% more than they did a year ago.
Summary: The median home sold price in Farmville was $248,450 in March 2024, up 21.2% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209.6K | $55K | -73.8% |
| 2 Bedrooms | $140K | $125.9K | -10.0% |
| 3 Bedrooms | $170K | $228.2K | +34.3% |
| 4 Bedrooms | $318.5K | $328.4K | +3.1% |
| 5+ Bedrooms | $263.6K | $215K | -18.4% |
Summary: Farmville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 73.8%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 34.3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 18.4%.
Median Sold Price Compared To Nearby Cities
| Farmville Township | $200.5K | $248.4K | +23.9% |
| Farmville | $205K | $248.4K | +21.2% |
Housing Supply in Farmville, NC
How many homes are available in Farmville, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Farmville real estate market had 15 homes for sale in March 2024, a 11.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Farmville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Farmville, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Farmville in March 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 34 Days | +37.6% |
Summary: Homes in Farmville had an average of 34 days on market in Mar 2024, up by 37.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 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 March 2024, 3 homes were sold in Farmville; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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