Norwood, VA 24581 housing market
Data through Sep 2026 · Balanced market · leverage 13
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Buyer Leverage Score
13
Sep 2026
Months of Supply
3.0 months
Jun 2024
Days on Market
7 days
Sep 2026
Price Cut %
0.0%
Sep 2026
Sale-to-List Ratio
98.3%
Feb 2025
Expected Disaster Loss
$144
Dec 2025
What this means
- Supply. There are 0% more homes for sale than the 2017-19 norm, so buyers have more to choose from than before the pandemic.
- Negotiating. Buyer leverage is low (13/100; U.S.: 54): homes sell for about 1.7% below their final list price (as of Feb 2025); 0% of listings had a price cut (U.S.: 26%).
- Disaster risk. FEMA expects about $144 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
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Other ZIP codes in Nelson County, VA
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| Afton, VA 22920 | $457.6K | +4.8% | 38 |
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| Faber, VA 22938 | $370.6K | +4.2% | 15 |
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| Tyro, VA 22976 | $284.4K | +4.7% | 3 |
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