Is Northumberland County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$432,500
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Northumberland County was $432,500 in May 2024, up 3% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $138.5K | $205K | +48.0% |
2 Bedrooms | $250K | $299.9K | +20.0% |
3 Bedrooms | $382.5K | $442.5K | +15.7% |
4 Bedrooms | $550K | $712.5K | +29.5% |
5+ Bedrooms | $660K | $545K | -17.4% |
Summary: Northumberland County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Counties
Lancaster County | $479.6K | $531K | +10.7% |
Westmoreland County | $290K | $312K | +7.6% |
Saint Mary's County | $385K | $399.5K | +3.8% |
Northumberland County | $420K | $432.5K | +3.0% |
Richmond County | $265K | $260K | -1.9% |
Housing Supply in Northumberland County, VA
How many homes are available in Northumberland County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 107 | +32.1% |
Summary: The Northumberland County real estate market had 107 homes for sale in May 2024, a 32.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 56 | 76 | +35.7% |
4 Bedrooms | 13 | 17 | +30.8% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Northumberland County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 21 | +40.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Northumberland County in May 2024, up by 40.0% month-over-month. Of the 20 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 36 Days | -4.8% |
Summary: Homes in Northumberland County had an average of 36 days on market in May 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Northumberland County; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.