Is Ferrum, VA 24088 a buyer’s or seller’s market?
Ferrum is a buyer’s market. With about 8.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
Months of supply8.5Under 4 months = seller’s market
Sold above original list66.6%Share of sales, last 3 months
Median sale-to-list99.1%Sold price ÷ list price
Median days on market53Listing to accepted offer
Median price per sq ft$163▲ +18.2% vs. last year
Run the numbers for 24088
Nearby markets
Boones Mill 24065Seller’s market $169 /sq ftCallaway 24067Buyer’s market $120 /sq ftGlade Hill 24092Buyer’s market $132 /sq ftHardy 24101Balanced $232 /sq ft Browse all markets →More tools for 24088
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology