Call or Text (240) SELL-123

FERRUM, VA 24088

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

Market Analysis

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

The FERRUM, VA real estate market (24088) currently shows 11 active listings, with 5 pending sales. Homes are averaging 41 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 41 days on market compared to 90 days last year.

The median listing price has risen 62.8% year-over-year, from $231,850 to $377,425.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for FERRUM, VA 24088 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

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

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

Market Overview

Active Listings
11
⇧ 57.1% vs 7 last year
Pending
5
45% pending ratio
Median Price
$377,425
⇧ 62.8% vs $231,850 last year
Average Price
$778,140
⇧ 235.6% vs $231,850 last year
Days on Market
41
⇩ 54.4% vs 90 days last year

Price Per Square Foot

Median $/sqft
$209
⇧ 21.5% vs $172/sqft last year
Median Home Size
2,069 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 7 last year
  • Days on market: 41 now vs 90 last year

Median & Average Pricing

Year over Year
  • Median: $377,425 (+62.8% YoY)
  • Average: $778,140 (+235.6% 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
Price Per Sqft
Price Reduced %

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 February 2026, there are 11 active listings in FERRUM, VA (zip code 24088), compared to 7 the prior year.

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

The median listing price in FERRUM, VA 24088 is $377,425 as of February 2026, a 62.8% increase from $231,850 the prior year.

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

Homes in FERRUM, VA 24088 spend an average of 41 days on the market before going under contract, compared to 90 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 February 2026, FERRUM, VA 24088 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 41 days on market compared to 90 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 $7,549 compared to a typical 5% commission on the median listing price of $377,425. 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.