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PENN LAIRD, VA 22846

Real Estate Market Report  ·  Rockingham County
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The PENN LAIRD, VA real estate market (22846) currently shows 23 active listings, with 14 pending sales. Homes are averaging 103 days on the market before going under contract.

Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 103 days on market compared to 14 days last year.

The median listing price has fallen 14.4% year-over-year, from $649,900 to $556,540.

Whether you are buying or selling in PENN LAIRD, 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: 1,853  ·  Density: 64.3/mi²  ·  Median household income: $85,833

Typical home value: $427,604  ·  Homeownership: 88.2%

Market Overview

Active Listings
23
⇧ 360% vs 5 last year
Pending
14
61% pending ratio
Median Price
$556,540
⇩ 14.4% vs $649,900 last year
Average Price
$613,801
⇩ 5.6% vs $649,900 last year
Days on Market
103
⇧ 635.7% vs 14 days last year

Price Per Square Foot

Median $/sqft
$189
⇩ 8.7% vs $207/sqft last year
Median Home Size
2,936 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 23 this year vs 5 last year
  • Days on market: 103 now vs 14 last year

Median & Average Pricing

Year over Year
  • Median: $556,540 (-14.4% YoY)
  • Average: $613,801 (-5.6% 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 19.3 miles — 294 listings ($136,070,476 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
22846Penn Laird, VA 228460.0 mi24$13,948,632$522,790$581,193
22801Harrisonburg, VA 228014.9 mi110$54,992,300$432,500$499,930
24471Port Republic, VA 244715.5 mi1$525,000$525,000$525,000
22802Harrisonburg, VA 228028.5 mi47$14,449,304$266,900$307,432
24486Weyers Cave, VA 244869.9 mi4$1,910,400$402,250$477,600
22834Linville, VA 2283412.2 mi1$1,289,000$1,289,000$1,289,000
22812Bridgewater, VA 2281213.3 mi24$11,265,720$374,000$469,405
24437Fort Defiance, VA 2443714.4 mi3$1,935,000$645,000$645,000
22935Dyke, VA 2293515.7 mi2$3,490,000$1,745,000$1,745,000
22940Free Union, VA 2294016.5 mi1$650,000$650,000$650,000
22815Broadway, VA 2281517.1 mi25$13,318,000$399,000$532,720
22973Stanardsville, VA 2297317.9 mi22$8,875,680$357,267$403,440
22851Stanley, VA 2285119.3 mi30$9,421,440$314,950$314,048

Frequently Asked Questions

How many homes are for sale in PENN LAIRD, VA 22846?

As of February 2026, there are 23 active listings in PENN LAIRD, VA (zip code 22846), compared to 5 the prior year.

What is the median home price in PENN LAIRD, VA 22846?

The median listing price in PENN LAIRD, VA 22846 is $556,540 as of February 2026, a 14.4% decrease from $649,900 the prior year.

How long do homes stay on the market in PENN LAIRD, VA?

Homes in PENN LAIRD, VA 22846 spend an average of 103 days on the market before going under contract, compared to 14 days the prior year.

Is it a seller's or buyer's market in PENN LAIRD, VA 22846?

Based on current inventory and days-on-market data as of February 2026, PENN LAIRD, VA 22846 is currently a Buyer's Market. Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 103 days on market compared to 14 days last year.

How much can I save on real estate commission in PENN LAIRD, VA?

With SELL123.com's maximum 3% commission, sellers in PENN LAIRD, VA 22846 save an estimated $11,131 compared to a typical 5% commission on the median listing price of $556,540. 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.