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Is Farnham, VA 22460 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Farnham is a balanced market. With about 5.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list93.5%Sold price ÷ list price
Median days on market33Listing to accepted offer
Median price per sq ft$164▼ −32.0% vs. last year

The Farnham housing market right now

In the three months ending August 31, 2026, 0% of homes in Farnham, VA 22460 sold above their list price, the typical home went under contract in 33 days and there were 5.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold faster (54 days then) and the median sale price fell 49% to $159,431. Overall, Farnham is less competitive than a year ago, which gives buyers more room.

Run the numbers for 22460

Prefilled for 22460Can I win this house?Multiple-offer likelihood for a listing Prefilled for 22460Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Sharps 22548 — /sq ftWarsaw 22572Seller’s market $186 /sq ft Browse all markets →

Towns like Farnham nearby

Find towns like Farnham in other states →
Milford, VA22514 · 40 miles away86% similarpricier homes ($62K more) Saluda, VA23149 · 19 miles away83% similarpricier homes ($84K more) Topping, VA23169 · 21 miles away75% similarpricier homes ($50K more) · smaller Lancaster, VA22503 · 11 miles away74% similarpricier homes ($74K more) · larger

Where Farnham is

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Questions about Farnham real estate

Is Farnham a buyer’s or seller’s market?

A balanced market: there were 5.6 months of supply in Farnham, VA 22460 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Farnham?

The typical home went under contract in 33 days in the latest three months.

Do homes in Farnham sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 93.5% of the list price.

What are property taxes in Farnham?

About 0.56% of a home’s value a year in Richmond County, or roughly $2,240 on a $400,000 home.

What is the median home price in Farnham?

The median sale price was $159,431 in the three months ending August 31, 2026, about $164 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology