Is Northumberland County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Northumberland County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $138.5K | $205K | +48.0% |
2 Bedrooms | $290K | $299.9K | +3.4% |
3 Bedrooms | $390.7K | $460K | +17.7% |
4 Bedrooms | $550K | $750K | +36.4% |
5+ Bedrooms | $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 | $464K | $530.6K | +14.4% |
Westmoreland County | $290K | $310K | +6.9% |
Northumberland County | $425K | $451.2K | +6.2% |
Saint Mary's County | $385K | $399.1K | +3.7% |
Housing Supply in Northumberland County, VA
How many homes are available in Northumberland County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 87 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 41 | 59 | +43.9% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 2 | 5 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 15 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
97 Days | 66 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
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.