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Featured local agent — Ferrum, VA
Sarah Mitchell
Compass Real Estate · Ferrum, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Ferrum, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$390,000median sale price
How is the Ferrum, VA housing market right now?
The median home sale price in Ferrum, VA is $390,000, up 35.4% year-over-year. Homes sell in an average of 31 days with 1 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Ferrum a buyer's or seller's market?
Ferrum, VA is currently a seller's market, based on 1.0 months of supply and homes selling in about 31 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
31
Average pace
Active listings
1
1.0 months supply
Sale-to-list
97.5%
Below asking
What does the Ferrum housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $390,000 |
| Median list price | $279,900 |
| Year-over-year price change | +35.4% |
| Average days on market | 31 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 97.5% |
| Median price per sq ft | $71/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Ferrum by property type?
How the Ferrum, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $390,000 | $71/sq ft | 1 | 31 days |
Source: Redfin · Updated monthly
The Ferrum housing market is currently classified as a seller's market with a median sale price of $390,000. Prices have risen 35.4% compared to last year, with homes spending an average of 31 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 8.3x provides context for how home values compare to local earning capacity.
Homes for sale in Ferrum
There are currently 1 homes listed for sale in Ferrum, Virginia. The median listing price is $280K.
Active listings
1
Homes on market
Median list price
$280K
Avg. days on market
31
Days until sale
New this week
1
Newly listed
Who lives in Ferrum?
Population
1,622
Median income
$31,750/yr
Median age
21.5 years
Owner-occupied
64.9%
College grads
28.1%
Avg commute
24.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Ferrum?
Zillow home value
$263,567
Price-to-income
8.3x
Source: Zillow Research
What is it like to live in Ferrum?
Ferrum is a community of approximately 2K residents with a median age of 21.5 years.The median household income is $31,750, which represents a working-class community with solid middle-income opportunities. 28.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 64.9%, showing a blend of owner and renter-occupied properties. The average commute time is 24.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Ferrum offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Ferrum?
1 schools tracked · 216 students
The largest public schools serving Ferrum, VA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Ferrum Elementary
Grades PK-5 · 216 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Ferrum, VA?
Want a head-to-head view? Compare Ferrum side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Ferrum?
The median home sale price in Ferrum is $390,000, up 35.4% from last year.
How long do homes stay on market in Ferrum?
Homes typically spend 31 days on market before going under contract.
What is the median income in Ferrum?
The median household income is $31,750 per year.
Is Ferrum a buyer's or seller's market?
With 1.0 months of supply, Ferrum is currently a seller's market.
What is the Zillow home value estimate for Ferrum?
The Zillow Home Value Index (ZHVI) for Ferrum is $263,567, representing the typical home value in the area.
How much does a single-family home cost in Ferrum?
The median single-family home price in Ferrum, VA is $390,000 (about $71 per square foot).
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