Is Farmville, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Farmville was a Neutral 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
$280,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Farmville have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Farmville was $280,000 in April 2024, up 7.7% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $277.5K | N/A |
| 2 Bedrooms | $135K | $100K | -25.9% |
| 3 Bedrooms | $260K | $263.9K | +1.5% |
| 4 Bedrooms | $305K | $324.4K | +6.4% |
| 5+ Bedrooms | $349.9K | $583.5K | +66.7% |
Summary: Farmville housing prices by bedroom type for April 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 1.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 66.7%.
Housing Supply in Farmville, VA
How many homes are available in Farmville, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 51 | +13.3% |
Summary: The Farmville real estate market had 51 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Farmville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Farmville, expect to pay close to the asking price. 70% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Farmville in April 2024, the same as the previous month. Of the 10 sold homes, 20% were sold under asking, 70% were sold at asking, and 10% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 94 Days | +353.4% |
Summary: Homes in Farmville had an average of 94 days on market in Apr 2024, up by 353.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Farmville are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 10 homes were sold in Farmville; 40% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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