Ferrum, VA
Housing market overview · Updated weekly
$450,000median sale price
Homes sold
1
Last 12 weeks
Days on market
144
Average pace
Active listings
—
Sale-to-list
84.1%
Below asking
The Ferrum housing market is currently classified as a buyer's market with a median sale price of $450,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 144 days on market.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Ferrum
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Frequently asked questions
What is the average home price in Ferrum?
The median home sale price in Ferrum is $450,000, down 0.0% from last year.
How long do homes stay on market in Ferrum?
Homes typically spend 144 days on market before going under contract.
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