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FERRUM, VA 24088

Real Estate Market Report  ·  Franklin County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
8
vs 8 last year
Pending
1
13% pending ratio
Median Price
$399,900
⇧ 25% vs $320,000 last year
Average Price
$714,811
⇧ 127.3% vs $314,467 last year
Days on Market
83
⇩ 31.4% vs 121 days last year

Market Context

Population: 4,983  ·  Density: 17.1/mi²  ·  Median household income: $34,188

Typical home value: $126,997  ·  Homeownership: 77.7%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The FERRUM, VA real estate market (24088) currently shows 8 active listings, with 1 pending sales. Homes are averaging 83 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 83 days on market compared to 121 days last year.

The median listing price has risen 25% year-over-year, from $320,000 to $399,900.

Whether you are buying or selling in FERRUM, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 83 now vs 121 last year

Median & Average Pricing

Year over Year
  • Median: $399,900 (+25% YoY)
  • Average: $714,811 (+127.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.0 miles — 292 listings ($133,083,076 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24088Ferrum, VA 240880.0 mi8$5,718,488$399,900$714,811
24067Callaway, VA 240679.9 mi7$3,146,094$479,963$449,442
24079Copper Hill, VA 2407911.7 mi10$6,344,500$538,750$634,450
24151Rocky Mount, VA 2415112.7 mi56$22,070,216$365,000$394,111
24168Stanleytown, VA 2416813.2 mi3$3,523,500$1,174,500$1,174,500
24089Fieldale, VA 2408914.8 mi8$2,556,640$215,000$319,580
24133Patrick Springs, VA 2413315.4 mi7$1,509,025$222,000$215,575
24138Pilot, VA 2413816.9 mi8$5,720,664$349,000$715,083
24171Stuart, VA 2417117.8 mi29$13,658,188$249,000$470,972
24082Critz, VA 2408218.6 mi1$238,000$238,000$238,000
24162Shawsville, VA 2416219.4 mi5$2,872,500$574,500$574,500
24149Riner, VA 2414921.5 mi11$5,114,450$489,950$464,950
24018Roanoke, VA 2401822.0 mi139$60,610,811$395,950$436,049

Frequently Asked Questions

How many homes are for sale in FERRUM, VA 24088?

As of January 2026, there are 8 active listings in FERRUM, VA (zip code 24088), compared to 8 the prior year.

What is the median home price in FERRUM, VA 24088?

The median listing price in FERRUM, VA 24088 is $399,900 as of January 2026, a 25% increase from $320,000 the prior year.

How long do homes stay on the market in FERRUM, VA?

Homes in FERRUM, VA 24088 spend an average of 83 days on the market before going under contract, compared to 121 days the prior year.

Is it a seller's or buyer's market in FERRUM, VA 24088?

Based on current inventory and days-on-market data as of January 2026, FERRUM, VA 24088 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 83 days on market compared to 121 days last year.

How much can I save on real estate commission in FERRUM, VA?

With SELL123.com's maximum 3% commission, sellers in FERRUM, VA 24088 save an estimated $7,998 compared to a typical 5% commission on the median listing price of $399,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.