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Is New Castle, VA 24127 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

New Castle is a buyer’s market. With about 12 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply12Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list96.8%Sold price ÷ list price
Median days on market29Listing to accepted offer
Median price per sq ft$177▲ +22.3% vs. last year

The New Castle housing market right now

In the three months ending August 31, 2026, 0% of homes in New Castle, VA 24127 sold above their list price, the typical home went under contract in 29 days and there were 12 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 15%, homes sold more slowly (14 days then) and the median sale price rose 21% to $264,136. Overall, New Castle is less competitive than a year ago, which gives buyers more room.

Run the numbers for 24127

Prefilled for 24127Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24127Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Paint Bank 24131 — /sq ft Browse all markets →

Towns like New Castle nearby

Find towns like New Castle in other states →
Buchanan, VA24066 · 25 miles away92% similarpricier homes ($35K more) Boones Mill, VA24065 · 27 miles away91% similarpricier homes ($64K more) Blue Ridge, VA24064 · 21 miles away86% similarpricier homes ($84K more) · 5 min shorter commute Goodview, VA24095 · 30 miles away86% similarpricier homes ($72K more)

Where New Castle is

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Questions about New Castle real estate

Is New Castle a buyer’s or seller’s market?

A buyer’s market: there were 12 months of supply in New Castle, VA 24127 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 New Castle?

The typical home went under contract in 29 days in the latest three months.

Do homes in New Castle sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 96.8% of the list price.

What are property taxes in New Castle?

About 0.56% of a home’s value a year in Craig County, or roughly $2,240 on a $400,000 home.

What is the median home price in New Castle?

The median sale price was $264,136 in the three months ending August 31, 2026, about $177 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