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 seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Northumberland County has remained a Seller's Market.

Key Takeaway

Northumberland County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northumberland County, VA

How much do homes in Northumberland County, VA cost?

Median Sold Price

$451,250

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$26,250(+6.2%)

Key Takeaway

Homes in Northumberland County have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Northumberland County was $451,250 in April 2024, up 6.2% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $138.5K$205K
+48.0%
2 $290K$299.9K
+3.4%
3 $390.7K$460K
+17.7%
4 $550K$750K
+36.4%
5+ $1.0M$557.5K
-48.1%

Summary: Northumberland County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 48.1%.

Median Sold Price Compared To Nearby Counties

Lancaster County
+14.4%
Westmoreland County
+6.9%
Northumberland County
+6.2%
Saint Mary's County
+3.7%

Housing Supply in Northumberland County, VA

How many homes are available in Northumberland County, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6387+38.1%

Summary: The Northumberland County real estate market had 87 homes for sale in April 2024, a 38.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 4159
+43.9%
4 1415
+7.1%
5+ 25
+150.0%

Summary: The Northumberland County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 43.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
815+87.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

7 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. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Northumberland County in April 2024, up by 87.5% month-over-month. Of the 15 sold homes, 47% were sold under asking, 47% were sold at asking, and 7% 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

Apr 2023Apr 2024CHANGE
97 Days66 Days-31.7%

Summary: Homes in Northumberland County had an average of 66 days on market in Apr 2024, down by 31.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

5 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 April 2024, 15 homes were sold in Northumberland County; 53% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 33% 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 2 Days Ago

Newest Listings in Northumberland County, VA

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