Is Farmville, VA 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, VA
How much do homes in Farmville, VA cost?
Median Sold Price
$267,950
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Farmville have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Farmville was $267,950 in March 2024, up 6.9% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $277.5K | N/A |
| 2 Bedrooms | $135K | $100K | -25.9% |
| 3 Bedrooms | $251.5K | $260K | +3.4% |
| 4 Bedrooms | $305K | $309K | +1.3% |
| 5+ Bedrooms | $349.9K | $583.5K | +66.8% |
Summary: Farmville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 66.8%.
Housing Supply in Farmville, VA
How many homes are available in Farmville, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 48 | +17.1% |
Summary: The Farmville real estate market had 48 homes for sale in March 2024, a 17.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 28 | 29 | +3.6% |
| 4 Bedrooms | 6 | 13 | +116.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Farmville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 116.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was 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. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Farmville in March 2024, up by 11.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 46 Days | -16.9% |
Summary: Homes in Farmville had an average of 46 days on market in Mar 2024, down by 16.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 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, 10 homes were sold in Farmville; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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