Housing Prices in Ferrum, VA

How much do homes in Ferrum, VA cost?

Median List Price

$255,500

$164/sqft

Based on all homes listed in the last 12 months.

Difference Since March 2023

-$9,400(-3.5%)

Key Takeaway

The list price of homes in Ferrum has decreased by 3.5% since last year.

Summary: The median home list price in Ferrum was $255,500 in March 2024, down 3.5% from the previous year, and the median price per square foot was $164.

Median List Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $157.4K$196.5K
+24.8%
3 $219.4K$279.9K
+27.6%
4 $362.4K$302.7K
-16.5%
5+ $349K$2.5M
+616.3%

Summary: Ferrum 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 increased by 24.8%, 3 bedroom homes increased by 27.6%, 4 bedroom homes decreased by 16.5%, and 5+ bedroom homes increased by 616.3%.

Median List Price Compared To Nearby Cities

Blue Ridge
+29.8%
Henry
+11.8%
Ferrum
-3.5%
Bassett
-13.2%
Blackberry
-15.7%

Housing Supply in Ferrum, VA

How many homes are available in Ferrum, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
59+80.0%

Summary: The Ferrum real estate market had 9 homes for sale in March 2024, a 80.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 25
+150.0%
4 12
+100.0%
5+ 22
0.0%

Summary: The Ferrum 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 150%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Days on Market for Ferrum, VA

How long does it take to sell a home in Ferrum, VA?

Average Listing Age

Mar 2023Mar 2024CHANGE
46 Days46 Days+1.6%

Summary: Homes in Ferrum had an average listing age of 46 days in Mar 2024, up by 1.6% compared to the previous year.

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

Report Updated 24 Days Ago

Newest Listings in Ferrum, VA

Nearby Markets to Ferrum, VA

What housing markets are near Ferrum, VA?