Is Northumberland County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northumberland County is a buyer's market

Buyer's
Market

Difference Since November 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

$454,500

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$39,500(+9.5%)

Key Takeaway

Homes in Northumberland County have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Northumberland County was $454,500 in November 2024, up 9.5% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$205K
N/A
2 $237K$225K
-5.1%
3 $380K$462.5K
+21.7%
4 $550K$539.9K
-1.8%
5+ $645K$750K
+16.3%

Summary: Northumberland 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 decreased by 5.1%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 16.3%.

Median Sold Price Compared To Nearby Counties

Northumberland County
+9.5%
Richmond County
+8.8%
Westmoreland County
+8.7%
Lancaster County
+7.4%
Saint Mary's County
+5.7%

Housing Supply in Northumberland County, VA

How many homes are available in Northumberland County, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
104108+3.8%

Summary: The Northumberland County real estate market had 108 homes for sale in November 2024, a 3.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 97
-22.2%
3 7270
-2.8%
4 1927
+42.1%
5+ 44
0.0%

Summary: The Northumberland 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 decreased by 22.2%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 42.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14140.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northumberland County, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Northumberland County in November 2024, the same as the previous month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% 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

Nov 2023Nov 2024CHANGE
32 Days48 Days+51.5%

Summary: Homes in Northumberland County had an average of 48 days on market in Nov 2024, up by 51.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northumberland County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in Northumberland County; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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 20 Days Ago

Newest Listings in Northumberland County, VA

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