Is Northumberland County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northumberland County is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Northumberland County was a Neutral Market.

Key Takeaway

Northumberland County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$7,500(+1.8%)

Key Takeaway

Homes in Northumberland County have sold for 1.8% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $138.5K$205K
+48.0%
2 $270K$312.5K
+15.7%
3 $387K$415K
+7.2%
4 $550K$590K
+7.3%
5+ $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
+18.0%
Saint Mary's County
+5.4%
Westmoreland County
+5.2%
Northumberland County
+1.8%

Housing Supply in Northumberland County, VA

How many homes are available in Northumberland County, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
92100+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

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 910
+11.1%
3 5865
+12.1%
4 1819
+5.6%
5+ 65
-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 2024Mar 2024CHANGE
107-30.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northumberland County, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
69 Days85 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northumberland County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Northumberland County, VA

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