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DEWITT, VA 23840

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

Market Analysis

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

The DEWITT, VA real estate market (23840) currently shows 3 active listings, with 2 pending sales. Homes are averaging 134 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 134 days on market compared to 16 days last year.

The median listing price has risen 117.3% year-over-year, from $115,000 to $249,900.

Whether you are buying or selling in DEWITT, 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: 1,421  ·  Density: 10.5/mi²  ·  Median household income: $84,632

Typical home value: $192,988  ·  Homeownership: 78.5%

Market Overview

Active Listings
3
⇧ 200% vs 1 last year
Pending
2
67% pending ratio
Median Price
$249,900
⇧ 117.3% vs $115,000 last year
Average Price
$249,900
⇧ 117.3% vs $115,000 last year
Days on Market
134
⇧ 737.5% vs 16 days last year

Price Per Square Foot

Median $/sqft
$226
⇧ 159.8% vs $87/sqft last year
Median Home Size
1,104 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 1 last year
  • Days on market: 134 now vs 16 last year

Median & Average Pricing

Year over Year
  • Median: $249,900 (+117.3% YoY)
  • Average: $249,900 (+117.3% 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 25.1 miles — 592 listings ($284,896,427 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23840Dewitt, VA 238400.0 mi3$776,850$258,950$258,950
23841Dinwiddie, VA 238416.5 mi8$2,811,720$349,900$351,465
23894Wilsons, VA 2389410.2 mi1$350,000$350,000$350,000
23833Church Road, VA 2383310.7 mi3$1,401,000$467,000$467,000
23803Petersburg, VA 2380315.0 mi181$49,503,862$277,450$273,502
23824Blackstone, VA 2382416.0 mi32$8,769,536$256,500$274,048
23843Dolphin, VA 2384316.2 mi1$320,000$320,000$320,000
23838Chesterfield, VA 2383818.2 mi74$50,544,664$681,774$683,036
23856Freeman, VA 2385618.7 mi3$793,500$264,500$264,500
23938Dundas, VA 2393821.2 mi1$399,900$399,900$399,900
23831Chester, VA 2383123.3 mi98$43,602,650$412,000$444,925
23930Crewe, VA 2393024.8 mi29$9,120,181$314,000$314,489
23120Moseley, VA 2312025.1 mi158$116,502,564$678,950$737,358

Frequently Asked Questions

How many homes are for sale in DEWITT, VA 23840?

As of February 2026, there are 3 active listings in DEWITT, VA (zip code 23840), compared to 1 the prior year.

What is the median home price in DEWITT, VA 23840?

The median listing price in DEWITT, VA 23840 is $249,900 as of February 2026, a 117.3% increase from $115,000 the prior year.

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

Homes in DEWITT, VA 23840 spend an average of 134 days on the market before going under contract, compared to 16 days the prior year.

Is it a seller's or buyer's market in DEWITT, VA 23840?

Based on current inventory and days-on-market data as of February 2026, DEWITT, VA 23840 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 134 days on market compared to 16 days last year.

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

With SELL123.com's maximum 3% commission, sellers in DEWITT, VA 23840 save an estimated $4,998 compared to a typical 5% commission on the median listing price of $249,900. 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.