$585,000
3,459 SqFt
3 Beds
•2 Full Baths
Rick Cox, Listing Office: The Rick Cox Realty Group
October 2024
Report Updated 13 Days Ago
Is Cumberland County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cumberland County has remained a Seller's Market.
How much do homes in Cumberland County, VA cost?
$298,475
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Summary: The median home sold price in Cumberland County was $298,475 in October 2024, up 4.7% from last year, and the median price per square foot was $203.
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $112.5K | $189K | +68.0% |
3 Bedrooms | $287K | $297K | +3.5% |
4 Bedrooms | $300K | $397.4K | +32.5% |
5+ Bedrooms | $384K | $472.5K | +23.0% |
Summary: Cumberland County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 68%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 32.5%, and 5+ bedroom homes increased by 23%.
Prince Edward County | $265K | $300K | +13.2% |
Powhatan County | $426.7K | $455K | +6.6% |
Buckingham County | $270K | $286.5K | +6.1% |
Cumberland County | $284.9K | $298.4K | +4.7% |
Fluvanna County | $360K | $357K | -0.8% |
How many homes are available in Cumberland County, VA?
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
38 | 30 | -21.1% |
Summary: The Cumberland County real estate market had 30 homes for sale in October 2024, a 21.1% decrease compared to September 2024.
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 29 | 21 | -27.6% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cumberland County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 27.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
13 | 6 | -53.8% |
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Cumberland County in October 2024, down by 53.8% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
How long does it take to sell a home in Cumberland County, VA?
Oct 2023 | Oct 2024 | CHANGE |
---|---|---|
40 Days | 37 Days | -8.4% |
Summary: Homes in Cumberland County had an average of 37 days on market in Oct 2024, down by 8.4% compared to last year.
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During October 2024, 6 homes were sold in Cumberland County; 50% of homes were sold within 30 days, 50% 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 13 Days Ago
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MLS Disclaimers and Copyright
Based on information from Central Virginia Regional MLS, BrightMLS, and Roanoke Valley Association of Realtors MLS for the period 11/01/2022 - 11/01/2024
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 1:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 1:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.
All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The unauthorized retrieval or use of this listing data is prohibited.
All information is deemed reliable but not guaranteed, and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 1:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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