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NEW CASTLE, VA 24127

Real Estate Market Report  ·  Craig County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The NEW CASTLE, VA real estate market (24127) currently shows 15 active listings, with 5 pending sales. Homes are averaging 84 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 84 days on market compared to 104 days last year.

The median listing price has risen 18.3% year-over-year, from $280,975 to $332,425.

Whether you are buying or selling in NEW CASTLE, 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: 4,228  ·  Density: 7.4/mi²  ·  Median household income: $62,273

Typical home value: $184,564  ·  Homeownership: 79.4%

Market Overview

Active Listings
15
⇧ 15.4% vs 13 last year
Pending
5
33% pending ratio
Median Price
$332,425
⇧ 18.3% vs $280,975 last year
Average Price
$418,149
⇧ 49.4% vs $279,945 last year
Days on Market
84
⇩ 19.2% vs 104 days last year

Price Per Square Foot

Median $/sqft
$203
⇧ 15.3% vs $176/sqft last year
Median Home Size
2,100 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 15 this year vs 13 last year
  • Days on market: 84 now vs 104 last year

Median & Average Pricing

Year over Year
  • Median: $332,425 (+18.3% YoY)
  • Average: $418,149 (+49.4% 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 22.6 miles — 653 listings ($289,817,233 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24127New Castle, VA 241270.0 mi10$3,674,450$334,181$367,445
24070Catawba, VA 240707.4 mi6$8,401,950$1,612,500$1,400,325
24153Salem, VA 2415313.3 mi161$67,567,836$404,288$419,676
24083Daleville, VA 2408315.9 mi17$11,080,634$685,213$651,802
24017Roanoke, VA 2401717.0 mi86$18,039,016$199,950$209,756
24087Elliston, VA 2408717.8 mi4$1,996,000$499,000$499,000
24128Newport, VA 2412817.9 mi3$3,759,249$511,750$1,253,083
24015Roanoke, VA 2401519.5 mi51$17,549,151$303,825$344,101
24060Blacksburg, VA 2406019.7 mi107$72,145,606$535,500$674,258
24011Roanoke, VA 2401120.1 mi1$2,100,000$2,100,000$2,100,000
24018Roanoke, VA 2401820.3 mi155$70,889,250$409,950$457,350
24013Roanoke, VA 2401321.0 mi45$7,448,490$169,813$165,522
24059Bent Mountain, VA 2405922.6 mi7$5,165,601$419,825$737,943

Frequently Asked Questions

How many homes are for sale in NEW CASTLE, VA 24127?

As of April 2026, there are 15 active listings in NEW CASTLE, VA (zip code 24127), compared to 13 the prior year.

What is the median home price in NEW CASTLE, VA 24127?

The median listing price in NEW CASTLE, VA 24127 is $332,425 as of April 2026, a 18.3% increase from $280,975 the prior year.

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

Homes in NEW CASTLE, VA 24127 spend an average of 84 days on the market before going under contract, compared to 104 days the prior year.

Is it a seller's or buyer's market in NEW CASTLE, VA 24127?

Based on current inventory and days-on-market data as of April 2026, NEW CASTLE, VA 24127 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 84 days on market compared to 104 days last year.

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

With SELL123.com's maximum 3% commission, sellers in NEW CASTLE, VA 24127 save an estimated $6,649 compared to a typical 5% commission on the median listing price of $332,425. 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.