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CUMBERLAND, VA 23040

Real Estate Market Report  ·  Cumberland County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The CUMBERLAND, VA real estate market (23040) currently shows 23 active listings, with 13 pending sales. Homes are averaging 57 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 57 days on market compared to 18 days last year.

The median listing price has fallen 0.5% year-over-year, from $374,925 to $373,188.

Whether you are buying or selling in CUMBERLAND, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 4,216  ·  Density: 11.0/mi²  ·  Median household income: $55,286

Typical home value: $157,905  ·  Homeownership: 70.1%

Market Overview

Active Listings
23
⇧ 43.8% vs 16 last year
Pending
13
57% pending ratio
Median Price
$373,188
⇩ 0.5% vs $374,925 last year
Average Price
$668,310
⇧ 74.7% vs $382,475 last year
Days on Market
57
⇧ 216.7% vs 18 days last year

Price Per Square Foot

Median $/sqft
$220
⇧ 6.3% vs $207/sqft last year
Median Home Size
1,884 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 23 this year vs 16 last year
  • Days on market: 57 now vs 18 last year

Median & Average Pricing

Year over Year
  • Median: $373,188 (-0.5% YoY)
  • Average: $668,310 (+74.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.4 miles — 433 listings ($252,084,833 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23040Cumberland, VA 230400.0 mi21$12,695,529$359,050$604,549
23027Cartersville, VA 2302711.3 mi7$3,537,695$459,975$505,385
23004Arvonia, VA 2300414.7 mi4$2,787,756$425,000$696,939
23083Jetersville, VA 2308315.2 mi7$3,052,287$445,675$436,041
23901Farmville, VA 2390115.7 mi74$33,519,410$349,900$452,965
23038Columbia, VA 2303817.9 mi8$3,480,024$418,961$435,003
23002Amelia Court House, VA 2300219.2 mi28$19,996,424$624,063$714,158
23921Buckingham, VA 2392120.8 mi11$4,627,348$367,450$420,668
23922Burkeville, VA 2392222.9 mi4$1,424,632$353,650$356,158
22963Palmyra, VA 2296323.4 mi82$41,293,150$392,423$503,575
24562Howardsville, VA 2456224.5 mi5$2,024,250$422,450$404,850
23039Crozier, VA 2303926.2 mi1$439,990$439,990$439,990
23120Moseley, VA 2312026.4 mi181$123,206,338$651,750$680,698

Frequently Asked Questions

How many homes are for sale in CUMBERLAND, VA 23040?

As of March 2026, there are 23 active listings in CUMBERLAND, VA (zip code 23040), compared to 16 the prior year.

What is the median home price in CUMBERLAND, VA 23040?

The median listing price in CUMBERLAND, VA 23040 is $373,188 as of March 2026, a 0.5% decrease from $374,925 the prior year.

How long do homes stay on the market in CUMBERLAND, VA?

Homes in CUMBERLAND, VA 23040 spend an average of 57 days on the market before going under contract, compared to 18 days the prior year.

Is it a seller's or buyer's market in CUMBERLAND, VA 23040?

Based on current inventory and days-on-market data as of March 2026, CUMBERLAND, VA 23040 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 57 days on market compared to 18 days last year.

How much can I save on real estate commission in CUMBERLAND, VA?

With SELL123.com's maximum 3% commission, sellers in CUMBERLAND, VA 23040 save an estimated $7,464 compared to a typical 5% commission on the median listing price of $373,188. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.