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PETERSBURG, VA 23805

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

Market Analysis

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

The PETERSBURG, VA real estate market (23805) currently shows 48 active listings, with 22 pending sales. Homes are averaging 56 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 56 days on market compared to 57 days last year.

The median listing price has risen 9.8% year-over-year, from $277,475 to $304,713.

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: 21,427  ·  Density: 115.7/mi²  ·  Median household income: $63,501

Typical home value: $194,772  ·  Homeownership: 57.6%

Market Overview

Active Listings
48
⇩ 17.2% vs 58 last year
Pending
22
46% pending ratio
Median Price
$304,713
⇧ 9.8% vs $277,475 last year
Average Price
$301,463
⇧ 1.6% vs $296,634 last year
Days on Market
56
⇩ 1.8% vs 57 days last year

Price Per Square Foot

Median $/sqft
$178
⇧ 1.1% vs $176/sqft last year
Median Home Size
1,758 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 48 this year vs 58 last year
  • Days on market: 56 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $304,713 (+9.8% YoY)
  • Average: $301,463 (+1.6% 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 22.9 miles — 530 listings ($222,059,817 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23805Petersburg, VA 238050.0 mi52$15,160,184$275,000$291,542
23830Carson, VA 238307.5 mi1$159,900$159,900$159,900
23841Dinwiddie, VA 2384110.1 mi8$2,811,720$349,900$351,465
23885Sutherland, VA 2388510.8 mi10$5,750,000$542,500$575,000
23882Stony Creek, VA 2388214.1 mi3$905,925$301,975$301,975
23831Chester, VA 2383115.2 mi98$43,602,650$412,000$444,925
23840Dewitt, VA 2384016.0 mi3$776,850$258,950$258,950
23890Waverly, VA 2389017.4 mi14$4,645,046$244,900$331,789
23237Richmond, VA 2323719.1 mi60$23,676,720$349,950$394,612
23872McKenney, VA 2387220.9 mi6$1,796,850$299,475$299,475
23832Chesterfield, VA 2383221.3 mi153$74,652,066$439,990$487,922
23231Henrico, VA 2323122.0 mi114$44,193,354$375,000$387,661
23881Spring Grove, VA 2388122.9 mi8$3,928,552$451,000$491,069

Frequently Asked Questions

How many homes are for sale in PETERSBURG, VA 23805?

As of February 2026, there are 48 active listings in PETERSBURG, VA (zip code 23805), compared to 58 the prior year.

What is the median home price in PETERSBURG, VA 23805?

The median listing price in PETERSBURG, VA 23805 is $304,713 as of February 2026, a 9.8% increase from $277,475 the prior year.

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

Homes in PETERSBURG, VA 23805 spend an average of 56 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in PETERSBURG, VA 23805?

Based on current inventory and days-on-market data as of February 2026, PETERSBURG, VA 23805 is currently a Seller's Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 56 days on market compared to 57 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 23805 save an estimated $6,094 compared to a typical 5% commission on the median listing price of $304,713. 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.