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 buyer's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Nottoway County, VA

How much do homes in Nottoway County, VA cost?

Median Sold Price

$217,000

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$27,000(+14.2%)

Key Takeaway

Homes in Nottoway County have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in Nottoway County was $217,000 in April 2024, up 14.2% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$525.2K
N/A
2 $135K$193K
+43.0%
3 $187.5K$197.5K
+5.3%
4 $289K$251K
-13.1%
5+ $180K$350K
+94.4%

Summary: Nottoway County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 43%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes increased by 94.4%.

Median Sold Price Compared To Nearby Counties

Nottoway County
+14.2%
Lunenburg County
+13.4%
Dinwiddie County
+5.7%
Amelia County
+3.4%

Housing Supply in Nottoway County, VA

How many homes are available in Nottoway County, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3538+8.6%

Summary: The Nottoway County real estate market had 38 homes for sale in April 2024, a 8.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 1517
+13.3%
4 1211
-8.3%
5+ 44
0.0%

Summary: The Nottoway 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 50%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Nottoway County in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% 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

Apr 2023Apr 2024CHANGE
46 Days26 Days-43.7%

Summary: Homes in Nottoway County had an average of 26 days on market in Apr 2024, down by 43.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Nottoway County has remained consistent over time.

Summary: During April 2024, 3 homes were sold in Nottoway County; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 Nottoway County, VA

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