Is Cumberland, VA 23040 a buyer’s or seller’s market?
Cumberland is a seller’s market. With about 1 months of supply and 18% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 74% of U.S. ZIP codes, and #112 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Cumberland housing market right now
In the three months ending August 31, 2026, 18% of homes in Cumberland, VA 23040 sold above their list price, the typical home went under contract in 24 days and there was 1 month of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 23 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (18% then), homes sold more slowly (18 days then) and the median sale price held steady to $351,848. Overall, Cumberland is about as competitive as it was a year ago.
On our competition score, Cumberland ranks #112 of 358 VA ZIP codes with enough sales (score 70 out of 100).
Nearby, Cartersville 23027 (33% sold over asking) is even more competitive.
Run the numbers for 23040
Nearby markets
Cartersville 23027Seller’s market $224 /sq ftFarmville 23901Balanced $175 /sq ft Browse all markets →Towns like Cumberland nearby
Find towns like Cumberland in other states →Where Cumberland is
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Questions about Cumberland real estate
Is Cumberland a buyer’s or seller’s market?
A seller’s market: there was 1 months of supply in Cumberland, VA 23040 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cumberland?
The typical home went under contract in 24 days in the latest three months.
Do homes in Cumberland sell over asking?
18% of homes sold above their original list price, and the typical sale closed at 100.8% of the list price.
What are property taxes in Cumberland?
About 0.57% of a home’s value a year in Cumberland County, or roughly $2,280 on a $400,000 home.
What is the median home price in Cumberland?
The median sale price was $351,848 in the three months ending August 31, 2026, about $234 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology