Farnham, VA Home Values & Market Trends

Real estate market trends reflect that there have been 26 transactions over the past year in Farnham. The median value for residential home transactions that occurred over the previous year is $167,074.32. The number of current listings in Farnham is 7, and the percentage of properties for sale in the city is 7.00%. Farnham, VA currently has 1 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 7 properties for sale.

Farnham, VA Real Estate Market Overview

ZipMedian Est. Value
22460

$ 126,000

$ 94/sqft

Housing Market Summary for Farnham, VA

Apr 2023March 2024Change
Median Listing Price$169.7K$188.7K11.21%
Median Sold Price$188.8K$188.7K-0.02%
Homes For Sale48100.00%
Homes Sold152033.33%
Price
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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%.

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Browse Homes in Farnham, VA

Farnham home values range from $17,991 to $4,811,000. The median estimated value of a home in Farnham is $167,074.32. The median list price of a home is 219,000, and the total count of properties in the city is 953.

Foreclosure
There is 1 zips within Farnham, VA; within this zips, the median estimated home value for homes in foreclosure ranges from $89,900 in 22460 to the lowest value of $89,900 in 22460. Foreclosure homes account for 0.00% of properties in Farnham, VA with 22460 containing 1 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Farnham, 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 Farnham, 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 Owned
    The median estimated home value of bank owned homes (REO properties) in Farnham, VA ranges from the highest value of $89,900 in 22460 to the lowest value of $89,900 in 22460. Bank owned homes and properties account for 0.10% of properties in Farnham, VA. There is 1 zips within Farnham, VA; 22460 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Farnham, VA. Auction homes and other auction properties account for 0% of all properties in Farnham, VA. There is 1 zips within Farnham, 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.73% of residential properties in Farnham, VA with 22460 containing 7 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Farnham, VA; homes for sale in that zips, have a range of median values from $1,458,072 in 22460 to the lowest value of $46,348 in 22460.
    Sold Homes
    The median value for recently sold homes ranges from $547,483 in 22460 to the lowest price of $67,186 in 22460. There is 1 zips within Farnham, VA. 22460 has 15 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.57% of properties in Farnham, VA.

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      Guide for Farnham, VA

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      Chesapeake Property Values Rise 7%, Sales Dynamics Vary in Recent Analysis
      Market Reports|posted 20 March 2024

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      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
      Market Reports|posted 13 February 2024

      The property market in Virginia Beach, VA, has generally seen an increase in property values, per square foot values, and sold prices from 2022 to 2023. Factors such as economic growth and societal changes may contribute to this upward trend.

      Recently Listed Homes Farnham, VA

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