$10,000 Closing Credit*
$1,200,000
3,843 SqFt
4 Beds
•3 Full Baths
Sandra H. Hargett, Listing Office: Liz Moore & Associates
Is Northumberland County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Northumberland County was a Seller's Market.
Key Takeaway
Northumberland County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northumberland County, VA
How much do homes in Northumberland County, VA cost?
Median Sold Price
$470,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$57,500(+13.9%)
Key Takeaway
Homes in Northumberland County have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Northumberland County was $470,000 in October 2024, up 13.9% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $205K | N/A |
| 2 Bedrooms | $250K | $232.5K | -7.0% |
| 3 Bedrooms | $380K | $475K | +25.0% |
| 4 Bedrooms | $550K | $590K | +7.3% |
| 5+ Bedrooms | $645K | $750K | +16.3% |
Summary: Northumberland 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 decreased by 7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Counties
| Northumberland County | $412.5K | $470K | +13.9% |
| Westmoreland County | $297.4K | $320K | +7.6% |
| Richmond County | $247.2K | $265K | +7.2% |
| Lancaster County | $531K | $560K | +5.5% |
| Saint Mary's County | $388.7K | $408.7K | +5.1% |
Housing Supply in Northumberland County, VA
How many homes are available in Northumberland County, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 103 | 105 | +1.9% |
Summary: The Northumberland County real estate market had 105 homes for sale in October 2024, a 1.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 68 | 69 | +1.5% |
| 4 Bedrooms | 24 | 21 | -12.5% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Northumberland 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 increased by 80%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 12 | -40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northumberland County, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Northumberland County in October 2024, down by 40.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 17 Days | -29.2% |
Summary: Homes in Northumberland County had an average of 17 days on market in Oct 2024, down by 29.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northumberland County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Northumberland County; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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
Copyright © 2024 REIN, Inc - All Rights Reserved. Information Deemed Reliable But Not Guaranteed.