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NEW CASTLE, VA 24127

Real Estate Market Report  ·  Craig County
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The NEW CASTLE, VA real estate market (24127) currently shows 10 active listings, with 2 pending sales. Homes are averaging 52 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 52 days on market compared to 74 days last year.

The median listing price has risen 5.3% year-over-year, from $317,400 to $334,181.

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
10
⇩ 33.3% vs 15 last year
Pending
2
20% pending ratio
Median Price
$334,181
⇧ 5.3% vs $317,400 last year
Average Price
$367,445
⇧ 28.3% vs $286,375 last year
Days on Market
52
⇩ 29.7% vs 74 days last year

Price Per Square Foot

Median $/sqft
$156
⇩ 15.2% vs $184/sqft last year
Median Home Size
2,018 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 15 last year
  • Days on market: 52 now vs 74 last year

Median & Average Pricing

Year over Year
  • Median: $334,181 (+5.3% YoY)
  • Average: $367,445 (+28.3% 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 22.1 miles — 399 listings ($145,554,724 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24127New Castle, VA 241270.0 mi9$3,257,721$339,425$361,969
24070Catawba, VA 240707.4 mi5$6,313,335$1,275,000$1,262,667
24984Waiteville, WV 2498412.2 mi0$0$55,000$55,000
24175Troutville, VA 2417514.6 mi27$15,881,940$399,000$588,220
24019Roanoke, VA 2401916.1 mi99$35,532,783$325,000$358,917
24090Fincastle, VA 2409017.1 mi18$14,716,350$541,200$817,575
24077Cloverdale, VA 2407717.9 mi2$565,450$282,725$282,725
24983Union, WV 2498319.3 mi9$2,772,450$179,000$308,050
24016Roanoke, VA 2401619.5 mi38$8,698,276$228,925$228,902
24012Roanoke, VA 2401219.8 mi127$33,574,355$249,950$264,365
24925Caldwell, WV 2492520.1 mi9$5,684,589$672,450$631,621
24426Covington, VA 2442620.9 mi53$17,519,574$219,950$330,558
24976Sinks Grove, WV 2497622.1 mi3$1,037,901$359,000$345,967

Frequently Asked Questions

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

As of February 2026, there are 10 active listings in NEW CASTLE, VA (zip code 24127), compared to 15 the prior year.

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

The median listing price in NEW CASTLE, VA 24127 is $334,181 as of February 2026, a 5.3% increase from $317,400 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 52 days on the market before going under contract, compared to 74 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 February 2026, NEW CASTLE, VA 24127 is currently a Seller's Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 52 days on market compared to 74 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 $6,684 compared to a typical 5% commission on the median listing price of $334,181. 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.