Ferrum, VA Home Values & Market Trends
Real estate market trends reflect that there have been 51 transactions over the past year in Ferrum. The median value for residential home transactions that occurred over the previous year is $329,577. The number of current listings in Ferrum is 31, and the percentage of properties for sale in the city is 31.00%. Ferrum, VA currently has 1 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 31 properties for sale.
Ferrum, VA Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 24088 | $ 329,577 $ 226/sqft |
Housing Market Summary for Ferrum, VA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $219.9K | $0 | -100.00% |
| Median Sold Price | $249.5K | $247.1K | -0.97% |
| Homes For Sale | 20 | 31 | 55.00% |
| Homes Sold | 33 | 20 | -39.39% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Ferrum, VA
Browse Homes in Ferrum, VA
Ferrum home values range from $48,118 to $699,950. The median estimated value of a home in Ferrum is $329,577. The median list price of a home is 0, and the total count of properties in the city is 52.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Ferrum, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Ferrum, VA; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Ferrum, VA ranges from the highest value of $276,036 in 24088 to the lowest value of $276,036 in 24088. Bank owned homes and properties account for 1.92% of properties in Ferrum, VA. There is 1 zips within Ferrum, VA; 24088 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Ferrum, VA. Auction homes and other auction properties account for 0% of all properties in Ferrum, VA. There is 1 zips within Ferrum, VA; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Ferrum, VA
Virginia Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.