Is Newsoms, VA 23874 a buyer’s or seller’s market?
Newsoms is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Newsoms housing market right now
In the three months ending August 31, 2026, 0% of homes in Newsoms, VA 23874 sold above their list price, the typical home went under contract in 18 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Within Southampton County, homes here sell faster than in 86% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Boykins 23827 (80% sold over asking) and Ivor 23866 (33% sold over asking) are even more competitive.
Run the numbers for 23874
Nearby markets
Boykins 23827Seller’s market $121 /sq ftBranchville 23828 $66 /sq ftCapron 23829 — /sq ftCourtland 23837Seller’s market $183 /sq ft Browse all markets →Where Newsoms is
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Questions about Newsoms real estate
Is Newsoms a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Newsoms, VA 23874 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 Newsoms?
The typical home went under contract in 18 days in the latest three months.
Do homes in Newsoms sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Newsoms?
About 0.66% of a home’s value a year in Southampton County, or roughly $2,640 on a $400,000 home.
What is the median home price in Newsoms?
The median sale price was $249,892 in the three months ending August 31, 2026, about $205 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