$59,950
4.00 Acres
Land
Sylvia Miles, Listing Office: Napier REALTORS ERA
Is Cumberland County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Cumberland County has remained a Seller's Market.
Key Takeaway
Cumberland County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cumberland County, VA
How much do homes in Cumberland County, VA cost?
Median Sold Price
$300,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,150(+4.6%)
Key Takeaway
Homes in Cumberland County have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Cumberland County was $300,000 in November 2024, up 4.6% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $179.9K | N/A |
| 2 Bedrooms | $121.2K | $189K | +55.9% |
| 3 Bedrooms | $287K | $300K | +4.5% |
| 4 Bedrooms | $300K | $397.4K | +32.5% |
| 5+ Bedrooms | $384K | $600K | +56.3% |
Summary: Cumberland County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 55.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 32.5%, and 5+ bedroom homes increased by 56.3%.
Median Sold Price Compared To Nearby Counties
| Prince Edward County | $268K | $300K | +11.9% |
| Powhatan County | $429.6K | $451.2K | +5.0% |
| Cumberland County | $286.8K | $300K | +4.6% |
| Fluvanna County | $360K | $359.6K | -0.1% |
| Buckingham County | $281.4K | $280K | -0.5% |
Housing Supply in Cumberland County, VA
How many homes are available in Cumberland County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 34 | +17.2% |
Summary: The Cumberland County real estate market had 34 homes for sale in November 2024, a 17.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 20 | 25 | +25.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Cumberland County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cumberland County, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Cumberland County in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 57% were sold at asking, and 29% were sold over asking.
Days on Market for Cumberland County, VA
How long does it take to sell a home in Cumberland County, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 21 Days | -25.0% |
Summary: Homes in Cumberland County had an average of 21 days on market in Nov 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cumberland County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Cumberland County; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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