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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nottoway County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Nottoway County was a Seller's Market.

Key Takeaway

Nottoway County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Nottoway County, VA

How much do homes in Nottoway County, VA cost?

Median Sold Price

$245,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$55,000(+28.9%)

Key Takeaway

Homes in Nottoway County have sold for 28.9% more than they did a year ago.

Summary: The median home sold price in Nottoway County was $245,000 in October 2024, up 28.9% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$525.2K
N/A
2 $170.7K$184.2K
+7.9%
3 $176.7K$288K
+63.0%
4 $231K$236.2K
+2.3%
5+ $350K$263.2K
-24.8%

Summary: Nottoway 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 7.9%, 3 bedroom homes increased by 63%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 24.8%.

Median Sold Price Compared To Nearby Counties

Nottoway County
+28.9%
Amelia County
+8.4%
Dinwiddie County
+7.3%

Housing Supply in Nottoway County, VA

How many homes are available in Nottoway County, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6568+4.6%

Summary: The Nottoway County real estate market had 68 homes for sale in October 2024, a 4.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 56
+20.0%
3 3635
-2.8%
4 2223
+4.5%
5+ 23
+50.0%

Summary: The Nottoway County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
810+25.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nottoway County, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Nottoway County in October 2024, up by 25.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.

Days on Market for Nottoway County, VA

How long does it take to sell a home in Nottoway County, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
86 Days61 Days-28.1%

Summary: Homes in Nottoway County had an average of 61 days on market in Oct 2024, down by 28.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Nottoway County has remained consistent over time.

Summary: During October 2024, 10 homes were sold in Nottoway County; 20% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 30% 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 Nottoway County, VA

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