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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nottoway County is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Nottoway County was a Seller's Market.

Key Takeaway

Nottoway County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Nottoway County, VA

How much do homes in Nottoway County, VA cost?

Median Sold Price

$220,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$33,500(+18.0%)

Key Takeaway

Homes in Nottoway County have sold for 18% more than they did a year ago.

Summary: The median home sold price in Nottoway County was $220,000 in March 2024, up 18% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$525.2K
N/A
2 $127.5K$193K
+51.4%
3 $186.5K$205K
+9.9%
4 $277.5K$238.5K
-14.1%
5+ $264.5K$700K
+164.7%

Summary: Nottoway County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.4%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes increased by 164.7%.

Median Sold Price Compared To Nearby Counties

Nottoway County
+18.0%
Dinwiddie County
+5.6%
Amelia County
+3.3%
Lunenburg County
-21.0%

Housing Supply in Nottoway County, VA

How many homes are available in Nottoway County, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3940+2.6%

Summary: The Nottoway County real estate market had 40 homes for sale in March 2024, a 2.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1914
-26.3%
4 1115
+36.4%
5+ 46
+50.0%

Summary: The Nottoway 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 remained the same, 3 bedroom homes decreased by 26.3%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nottoway County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Nottoway County in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Nottoway County, VA

How long does it take to sell a home in Nottoway County, VA?

Average Sale Time

Mar 2023Mar 2024CHANGE
38 Days81 Days+109.6%

Summary: Homes in Nottoway County had an average of 81 days on market in Mar 2024, up by 109.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Nottoway County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 6 homes were sold in Nottoway County; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% 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 18 Days Ago

Newest Listings in Nottoway County, VA

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