New - 1 day on Rocket
$4,038 Closing Credit¹
Kacie Jenkins, Listing Office: Real Broker LLC
Cumberland County Housing Market Report December 2024•Cumberland County, Virginia
Housing Prices in Cumberland County, VA
How much do homes in Cumberland County, VA cost?
Housing Market Conditions
Is Cumberland County, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Cumberland County is a Seller's Market
Difference Since December 2023
Since last year, Cumberland County has remained a Seller's Market.
Insight
Cumberland County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$305,000$211/SqFt
+$16,450
+5.7%
Based on all homes sold in the last 12 months
Insight
Homes in Cumberland County have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Cumberland County was $305,000 in December 2024, up 5.7% from last year, and the median price per square foot was $211.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Prince Edward County | $265K | $299.9K | +13.2% |
| Cumberland County | $288.5K | $305K | +5.7% |
| Powhatan County | $428.5K | $449.9K | +5.0% |
| Fluvanna County | $359K | $361.8K | +0.8% |
| Buckingham County | $290K | $286.5K | -1.2% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $179.9K | N/A |
| 22 Bedrooms | $121.2K | $189K | +55.9% |
| 33 Bedrooms | $289.9K | $305K | +5.2% |
| 44 Bedrooms | $280K | $397.4K | +42.0% |
| 55+ Bedrooms | $384K | $530K | +38.0% |
Summary: Cumberland County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +55.9%. The home price for 3 bedroom homes increased by +5.2%. The home price for 4 bedroom homes increased by +42.0%. The home price for 5 bedroom homes increased by +38.0%.
Housing supply in Cumberland County, VA
How many homes are available in Cumberland County, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 31Last MonthDec 2024 | ||
| 332 months agoNov 2024 | -6.1 % Change MoMNov – Dec |
Summary: The Cumberland County real estate market had 31 homes for sale in Dec 2024, a 6.1 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 8Last MonthDec 2024 | ||
| 72 months agoNov 2024 | +14.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 0 | -100.0% |
| 22 Bedrooms | 1 | 1 | 0.0% |
| 33 Bedrooms | 24 | 21 | -12.5% |
| 44 Bedrooms | 6 | 8 | +33.3% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: Cumberland County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -12.5%. The inventory for 4 bedroom homes increased by +33.3%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Cumberland County, VA cost?
Over Asking Price2 Homes
At Asking Price4 Homes
Under Asking Price2 Homes
Insight
If you're buying a home in Cumberland County, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Cumberland County in December 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and and 25% were sold over asking.
Days on Market for Cumberland County, VA
How long does it take to sell a home in Cumberland County, VA?
Breakdown of Home Sale Times
Under 30 Days5 Homes
30 – 90 Days3 Homes
Over 90 Days0 Home
Insight
Many homes in Cumberland County are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 8 homes were sold in Cumberland County; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 30 DaysThis YearDec 2024 | ||
| 17 Days1 year agoDec 2023 | +70.2 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Cumberland County had an average listing age of 30 days in Dec 2024, up by 70.2% compared to the previous year.
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Newest Listings in Cumberland County, VA
What homes are available in Cumberland County, VA?
New - 1 day on Rocket
$8,016 Closing Credit¹
Teresa Melton, Listing Office: BHHS PenFed Realty
New - 2 days on Rocket3D tour
$5,106 Closing Credit¹
Stoney Marshall, Listing Office: Hometown Realty Services Inc
New - 6 days on Rocket
JASON MEEKS, Listing Office: MEEKS REALTY
New - 6 days on Rocket
Jason Meeks, Listing Office: Meeks Realty
New - 6 days on Rocket
$4,150 Closing Credit¹
Scott Barnard, Listing Office: Integrity Real Estate
$7,422 Closing Credit¹
Freddie Edwards, Listing Office: Metropolitan Real Estate Inc
$4,868 Closing Credit¹
Shelly Blair, Listing Office: Village Concepts Realty Group
Sylvia Miles, Listing Office: Napier REALTORS ERA
Kyle Gragnani, Listing Office: Long & Foster REALTORS
$3,622 Closing Credit¹
Stoney Marshall, Listing Office: Hometown Realty Services Inc
$4,274 Closing Credit¹
Hank Cosby, Listing Office: Hank Cosby Real Estate
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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 01/01/2023 - 01/01/2025
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 ©2025 Central Virginia Regional Multiple Listing Service,LLC. All rights reservedData displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:55 PM 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. ©2025 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: 1/17/2025, 11:20:58 PM 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: 1/17/2025, 11:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.