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Ferrum, VA real estate

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Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for July 2026. *


* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Ferrum real estate Market Report.

Information and statistics on the latest trends in the Ferrum real estate market. *

Latest Rolling 3-Month Snapshot

Mar 1, 2026 - May 31, 2026

Median sale price
$390K
-7.2% from Q1 '26
Median list price
$285K
-16% from Q1 '26
Active listings
2
-50% from Q1 '26
Homes sold
1
-50% from Q1 '26
New pendings
1
-50% from Q1 '26
New listings
2
No change from Q1 '26

Quarterly Pricing Trends for Ferrum

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Ferrum Q2 '21 Q2 '22 Q2 '23 Q2 '24 Q2 '25 Q1 '26 Median sale price in Jul 2021 - Sep 2021: $215K Median sale price in Oct 2021 - Dec 2021: $185K Median sale price in Jan 2022 - Mar 2022: $162K Median sale price in Apr 2022 - Jun 2022: $258K Median sale price in Jul 2022 - Sep 2022: $189K Median sale price in Oct 2022 - Dec 2022: $184K Median sale price in Jan 2023 - Mar 2023: $245K Median sale price in Apr 2023 - Jun 2023: $270K Median sale price in Jul 2023 - Sep 2023: $359K Median sale price in Apr 2024 - Jun 2024: $229K Median sale price in Jul 2024 - Sep 2024: $202K Median sale price in Jan 2025 - Mar 2025: $288K Median sale price in Apr 2025 - Jun 2025: $380K Median sale price in Jul 2025 - Sep 2025: $278K Median sale price in Oct 2025 - Dec 2025: $288K Median sale price in Jan 2026 - Mar 2026: $420K Median list price in Apr 2021 - Jun 2021: $130K Median list price in Jul 2021 - Sep 2021: $168K Median list price in Oct 2021 - Dec 2021: $149K Median list price in Jan 2022 - Mar 2022: $235K Median list price in Apr 2022 - Jun 2022: $190K Median list price in Jul 2022 - Sep 2022: $180K Median list price in Oct 2022 - Dec 2022: $194K Median list price in Jan 2023 - Mar 2023: $256K Median list price in Apr 2023 - Jun 2023: $350K Median list price in Jul 2023 - Sep 2023: $190K Median list price in Jan 2024 - Mar 2024: $230K Median list price in Apr 2024 - Jun 2024: $213K Median list price in Jul 2024 - Sep 2024: $301K Median list price in Jan 2025 - Mar 2025: $333K Median list price in Apr 2025 - Jun 2025: $320K Median list price in Jul 2025 - Sep 2025: $415K Median list price in Oct 2025 - Dec 2025: $450K Median list price in Jan 2026 - Mar 2026: $340K Apr 2021 - Jun 2021 Median sale price Unknown Median list price $130K Jul 2021 - Sep 2021 Median sale price $215K Median list price $168K Oct 2021 - Dec 2021 Median sale price $185K Median list price $149K Jan 2022 - Mar 2022 Median sale price $162K Median list price $235K Apr 2022 - Jun 2022 Median sale price $258K Median list price $190K Jul 2022 - Sep 2022 Median sale price $189K Median list price $180K Oct 2022 - Dec 2022 Median sale price $184K Median list price $194K Jan 2023 - Mar 2023 Median sale price $245K Median list price $256K Apr 2023 - Jun 2023 Median sale price $270K Median list price $350K Jul 2023 - Sep 2023 Median sale price $359K Median list price $190K Oct 2023 - Dec 2023 Median sale price Unknown Median list price Unknown Jan 2024 - Mar 2024 Median sale price Unknown Median list price $230K Apr 2024 - Jun 2024 Median sale price $229K Median list price $213K Jul 2024 - Sep 2024 Median sale price $202K Median list price $301K Oct 2024 - Dec 2024 Median sale price Unknown Median list price Unknown Jan 2025 - Mar 2025 Median sale price $288K Median list price $333K Apr 2025 - Jun 2025 Median sale price $380K Median list price $320K Jul 2025 - Sep 2025 Median sale price $278K Median list price $415K Oct 2025 - Dec 2025 Median sale price $288K Median list price $450K Jan 2026 - Mar 2026 Median sale price $420K Median list price $340K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
20
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Mar 2026 - May 2026).

Ferrum is currently tilted toward sellers, with the market gauge reading firmly in seller’s market territory. Months of supply has risen to 3.2 in this rolling three-month view, suggesting conditions are less tight than at times in the recent past but still favoring those listing homes.

Price trends over the past year highlight strong gains despite some recent softening. The typical home value is about $389,767, up more than 30% year over year, even as the median list price is down double digits from a year ago and new listings have fallen by roughly half.

Inventory and activity levels are quite low, which helps explain the seller-leaning gauge. Active listings and homes sold are both down about 50% from a year earlier, while median days on market has dropped sharply to about a month, and the average sale-to-list ratio has climbed to roughly 98%, all signaling that well-priced homes still move efficiently. In this kind of low-volume, shifting environment, both buyers and sellers can benefit from Agent Pronto’s help in finding a local agent who understands Ferrum’s numbers and nuances.



Learn more about what Ferrum has to offer.

Ferrum offers residents a close-knit community with outdoor recreation, convenient amenities, and a welcoming small-town atmosphere.

Ferrum is a small, college-centered community in Franklin County that combines rural quiet with practical access to daily essentials and outdoor recreation. Anchored by Ferrum College, the area has a steady year-round population, regular cultural events, and a walkable core close to campus facilities.

Residents appreciate how easy it is to reach larger services in Rocky Mount and regional hubs like Roanoke, while still coming home to open space and low traffic. Everyday needs are met by local markets, campus dining spots, and nearby eateries such as Subway Ferrum and Dairy Queen Ferrum. Families and students make frequent use of the Jessup Health and Recreation Center for fitness and community programs.

Outdoor living is a major draw. Trails around campus connect to lakes and forests, while Philpott Lake and Smith Mountain Lake are within an easy drive for boating, fishing, and weekend retreats. Local schools, including Ferrum Elementary School, keep education close to home, and the Franklin County Public Library system adds research support and family activities.

Navigating home choices in a smaller market like Ferrum benefits from an agent who truly knows local roads, inventory, and seasonal demand. Agent Pronto connects buyers and sellers with experienced Ferrum professionals who can streamline decisions and reduce stress at every step of the real estate process.

Find your Ferrum real estate agent today →


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See why so many people rely on Agent Pronto to make their real estate journey a success.

“Bree was incredible! Everything you could want in a realtor. Experienced, warm, personable, and punctual! She made the process of selling/buying at the same time seem so easy. We had a contingent sale which can be really tricky and she made it a breeze. We hope this is our forever home but if we ever buy or sell again, bree is my first call!”

Hannah Swinson · Blackstone, VA

Photo of Bree Cox
Century 21 Realty at Home
“We were so happy we picked Karen as our realtor. The only realtor that told us Virginia is a buyer beware state. The process is long and Karen has the patience and flexibility to work with you. We received excellent customer service and highly recommend her for all your realtor needs. Thank You, Karen for helping us find our new home.”

Joe & Denise · Glen Allen, VA

Photo of Karen Dailey
Century 21 Realty @ Home
“We have known Judy for several years and always knew we would select her as our realtor when it came time to sell our house. She did an amazing job and we couldn't be happier! As people who believe in planning, we especially appreciated Judy's support as we got ready to put the house on the market. Our conversations regarding the sale of our home took place over many months ensuring that when listing day came we were more than ready. Judy is exceptionally knowledgeable on the northern Virginia market and all of her recommendations were on point. Our house sold in one weekend with multiple competitive offers and we give Judy the credit. She priced the house appropriately and marketed it exceptionally well. While selling a house is never easy, Judy made the process as painless as possible and was there to support us throughout the process. We would highly recommend Judy.”

Christopher and Pamela · Dumfries, VA

Photo of Judy Petrak
Century 21 New Millennium
“Working with William Mallory was a real pleasure. From our very first meeting, his professionalism and dedication were front and center. He took the time to truly understand our needs, navigated every step of the process . William is communicative, and a true expert in his field. I would strongly recommend working with William”

Frederic Six · Norfolk, VA

Photo of William Mallory
Iron Valley Real Estate
“I cannot recommend Lindsay enough. She was always available to answer my questions, kept me updated throughout the entire process, and made what could have been a stressful experience feel smooth and manageable. She genuinely cared about helping me find the right home and was there every step of the way. I am extremely grateful for all of her hard work and would not hesitate to work with her again or recommend her to my family and friends.”

Edwin Martinez · Woodbridge, VA

Photo of Lindsay Summa
NextHome Mission
“Debbie not only helped us find exactly what we were looking for, and where, but she helped us set up the sale of our previous house, and helped us negotiate consecutive closing dates as well as a possession maintenance period of our previous house in order to make our move easier. Having now worked with her on a sale and a purchase, plus her having done wonders for other family members, we would recommend her to anyone looking to purchase a home.”

Robert Pervere · Coinjock, NC

DM
The Real Estate Group
“Great experience with Brooke. This is the fourth time she's been involved with a purchase and selling of a home.”

Nick Rowe · Bristol, TN

Photo of Brooke Shelton
Century 21 Legacy
“Carla is a seasoned agent with a wealth of knowledge in the Northern Virginia area. We worked with her in the past, both buying and selling homes. We were extremely happy throughout the process then, and on the recent sale of our home. She is the only agent I would use going forward should the need arise. Thank you Carla!!”

Diane Peters · Manassas, VA

Photo of Carla  Unterkofler
Century 21 New Millennium
“Nick was great to work with! He was very personable and easy going. He made time for every home we wanted to see at the exact times we wanted to see it. He stuck with us even after a 6 month lull in looking at homes. I would consider Nick not only a professional, but he has become a friend.”

Jacob and Sarah · Louisa, VA

Photo of Nick Hill
Century 21 New Millenium
“We cannot say enough good things about Danny. This was our second time working with him, and there is a reason we came back. He has earned our trust time and time again, and if we could use him for every real estate transaction in the future, we absolutely would. From listing and marketing our home to navigating inspections, repairs, buyer concerns, and closing, Danny went above and beyond every step of the way. We faced several unexpected challenges during the process, but he remained calm, proactive, and solution-oriented throughout. What sets Danny apart is his communication, professionalism, and genuine dedication to his clients. He kept us informed, advocated for our interests, coordinated with all parties involved, and made sure nothing fell through the cracks. We wholeheartedly recommend him to anyone looking for a knowledgeable, responsive, and trustworthy realtor.”

Miranda Richardson · Rockville, MD

Photo of The Washingtonian Group
Real Living Real Estate RLAH @properties
“Working with Boris in DC was an outstanding experience from start to finish. He was knowledgeable, responsive, and truly understood the DC market. Throughout the entire process, he made us feel informed and supported, always going above and beyond to answer questions and advocate for our interests. His professionalism, honesty, and attention to detail made what could have been a stressful experience feel smooth and manageable. I would highly recommend Boris to anyone looking to buy or sell a home in the DC area.”

D.T. · Washington, DC

Photo of Boris Miric
Fathom Realty
“We had the most amazing home buying experience with Mrs.Debra. She was very professional, courteous, and patient. She took extra care in listening to our desires and tailored our search for homes that met all our needs. Mrs. Debra also made herself available to us and acted with speed when it counted the most. Thank you so much for helping us find our new home.”

Latavia · Fairfax, VA

Photo of Debra  McElroy
Century 21 New Millennium
“Gurdeep was amazing - covering all the bases, communicating often, and working hard to sell our property in a short time. She made everything as easy as possible and was a source of excellent advice throughout the process, as well as a pleasure to work with. If we return to the area, we will absolutely seek her services again.”

Elizabeth · Reston, VA

Photo of Gurdeep Mangat
Century 21 New Millennium
“​I cannot recommend Wes Sparks at eXp Realty highly enough! My father and I recently worked with Wes to sell my father's home, and the entire experience was seamless, professional, and incredibly successful. ​From our very first meeting, it was clear that Wes is an expert in his field. He brought a wealth of market knowledge and a strategic approach that gave us immediate confidence. Selling a family home can often be an emotional and complex process, but Wes handled everything with the utmost respect and patience.”

Smithson · Stanardsville, VA

Photo of Wes Sparks
eXp Realty, LLC
“Harvey Raffensperger at Iron Valley Real Estate was fantastic. We sold our home in Hampton in under three months, and honestly the whole process was way less painful than I expected. Harvey knows the local market well, kept us in the loop throughout, and was always easy to reach. The real test came when we ran into a really difficult buying agent — Harvey handled it calmly and professionally and kept everything from falling apart. We barely even felt the turbulence. If you're selling in the Hampton area, I'd go with Harvey without hesitation. Just a solid, trustworthy agent who gets the job done.”

Anita · Hampton, VA

Photo of Harvey Raffensperger
Iron Valley Real Estate Prestige
“Barbie consistently arrives on time, communicates clearly and efficiently, and maintains a high level of professionalism.””

Alejandro Alvarez · Manassas Park, VA

Photo of Barbie Lee
Century 21 Redwood
“Adam worked with me an my husband , very nice and understood what I needed to do an got it done.”

Dustin and Amber Perdue · Bedford, VA

Photo of Adam Hazelwood
eXp Realty Rural Virginia Homes, Farms & Land
“Kris was wonderful to work with and we are greatful for her assistance in our fore ever home purchase”

Mike Greenberg · King George, VA

Photo of Kris Riley
NextHome Mission
“Pam is the epitome of professionalism and honesty. She operates with respect and integrity. She's incredibly well informed very balanced and measured in how she approaches things. She's always looking for solutions and a win-win outcome.”

Atousa · Washington, DC

Photo of Pam Milan
Century 21 Century21 New MILLENNIUM
“I met Kat in 2022 when I needed help with a complicated sale on a tight timeline prior to an overseas assignment. She was amazing so there was no hestitation reaching out for assistance with this purchase. She and her associates are top notch all the way, bringing the unique combination of professionalism, technical acumen, positive attitude, and amazing work ethic. She's never let me down and absolutely worked miracles on several transactions for me and my family. It's an honor to support her with this review!”

Jeff · Winchester, VA

Photo of Katherine Wetzel
Century 21 Redwood Realty

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Ferrum. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.


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