Is Northumberland County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Northumberland County was a Neutral Market.
Housing Prices in Northumberland County, VA
How much do homes in Northumberland County, VA cost?
Median Sold Price
$432,500
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Northumberland County was $432,500 in March 2024, up 1.8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $138.5K | $205K | +48.0% |
2 Bedrooms | $270K | $312.5K | +15.7% |
3 Bedrooms | $387K | $415K | +7.2% |
4 Bedrooms | $550K | $590K | +7.3% |
5+ Bedrooms | $1.0M | $557.5K | -48.1% |
Summary: Northumberland County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 48.1%.
Median Sold Price Compared To Nearby Counties
Lancaster County | $450K | $531K | +18.0% |
Saint Mary's County | $375.2K | $395.4K | +5.4% |
Westmoreland County | $290K | $305K | +5.2% |
Northumberland County | $425K | $432.5K | +1.8% |
Housing Supply in Northumberland County, VA
How many homes are available in Northumberland County, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
92 | 100 | +8.7% |
Summary: The Northumberland County real estate market had 100 homes for sale in March 2024, a 8.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 58 | 65 | +12.1% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Northumberland County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Northumberland County in March 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Northumberland County, VA
How long does it take to sell a home in Northumberland County, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 85 Days | +23.2% |
Summary: Homes in Northumberland County had an average of 85 days on market in Mar 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Northumberland County; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.