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PETERSBURG, VA 23803

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The PETERSBURG, VA real estate market (23803) currently shows 179 active listings, with 78 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are selling faster, averaging 43 days on market compared to 55 days last year.

The median listing price has risen 5.2% year-over-year, from $246,950 to $259,725.

Whether you are buying or selling in PETERSBURG, 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: 41,913  ·  Density: 224.2/mi²  ·  Median household income: $53,876

Typical home value: $182,314  ·  Homeownership: 50.3%

Market Overview

Active Listings
179
⇧ 4.1% vs 172 last year
Pending
78
44% pending ratio
Median Price
$259,725
⇧ 5.2% vs $246,950 last year
Average Price
$268,794
⇧ 5% vs $255,958 last year
Days on Market
43
⇩ 21.8% vs 55 days last year

Price Per Square Foot

Median $/sqft
$180
⇧ 0.6% vs $179/sqft last year
Median Home Size
1,483 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 179 this year vs 172 last year
  • Days on market: 43 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $259,725 (+5.2% YoY)
  • Average: $268,794 (+5% 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 20.8 miles — 1,089 listings ($435,733,478 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23803Petersburg, VA 238030.0 mi181$49,503,862$277,450$273,502
23834Colonial Heights, VA 238346.9 mi67$23,360,220$335,000$348,660
23831Chester, VA 238319.3 mi98$43,602,650$412,000$444,925
23838Chesterfield, VA 2383811.1 mi74$50,544,664$681,774$683,036
23875Prince George, VA 2387512.3 mi34$14,364,728$342,890$422,492
23237Richmond, VA 2323713.2 mi60$23,676,720$349,950$394,612
23832Chesterfield, VA 2383214.1 mi153$74,652,066$439,990$487,922
23860Hopewell, VA 2386015.0 mi108$32,010,552$279,000$296,394
23842Disputanta, VA 2384215.2 mi25$10,208,550$429,950$408,342
23231Henrico, VA 2323118.2 mi114$44,193,354$375,000$387,661
23236Richmond, VA 2323619.1 mi72$35,905,680$464,995$498,690
23224Richmond, VA 2322419.8 mi97$31,913,582$299,725$329,006
23872McKenney, VA 2387220.8 mi6$1,796,850$299,475$299,475

Frequently Asked Questions

How many homes are for sale in PETERSBURG, VA 23803?

As of February 2026, there are 179 active listings in PETERSBURG, VA (zip code 23803), compared to 172 the prior year.

What is the median home price in PETERSBURG, VA 23803?

The median listing price in PETERSBURG, VA 23803 is $259,725 as of February 2026, a 5.2% increase from $246,950 the prior year.

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

Homes in PETERSBURG, VA 23803 spend an average of 43 days on the market before going under contract, compared to 55 days the prior year.

Is it a seller's or buyer's market in PETERSBURG, VA 23803?

Based on current inventory and days-on-market data as of February 2026, PETERSBURG, VA 23803 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 43 days on market compared to 55 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PETERSBURG, VA 23803 save an estimated $5,195 compared to a typical 5% commission on the median listing price of $259,725. 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.