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PROSPECT, VA 23960

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

Market Analysis

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

The PROSPECT, VA real estate market (23960) currently shows 4 active listings, with 2 pending sales. Homes are averaging 118 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 118 days on market compared to 29 days last year.

The median listing price has risen 26.8% year-over-year, from $259,900 to $329,450.

Whether you are buying or selling in PROSPECT, 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: 1,788  ·  Density: 16.2/mi²  ·  Median household income: $68,125

Typical home value: $167,273  ·  Homeownership: 76.7%

Market Overview

Active Listings
4
⇩ 42.9% vs 7 last year
Pending
2
50% pending ratio
Median Price
$329,450
⇧ 26.8% vs $259,900 last year
Average Price
$329,450
⇩ 0.3% vs $330,380 last year
Days on Market
118
⇧ 306.9% vs 29 days last year

Price Per Square Foot

Median $/sqft
$233
⇧ 80.6% vs $129/sqft last year
Median Home Size
1,401 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 7 last year
  • Days on market: 118 now vs 29 last year

Median & Average Pricing

Year over Year
  • Median: $329,450 (+26.8% YoY)
  • Average: $329,450 (-0.3% 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 27.2 miles — 195 listings ($87,818,676 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23960Prospect, VA 239600.0 mi6$2,188,020$275,000$364,670
23901Farmville, VA 239018.0 mi73$32,552,014$349,900$445,918
24522Appomattox, VA 2452213.1 mi44$16,951,484$331,200$385,261
23966Rice, VA 2396615.7 mi2$599,900$299,950$299,950
23954Meherrin, VA 2395417.1 mi8$2,199,200$274,900$274,900
23921Buckingham, VA 2392119.3 mi13$5,760,066$359,900$443,082
23959Phenix, VA 2395919.6 mi3$695,400$231,800$231,800
23922Burkeville, VA 2392221.2 mi3$1,042,200$347,400$347,400
23040Cumberland, VA 2304021.6 mi23$12,302,539$369,725$534,893
24599Wingina, VA 2459923.8 mi3$5,294,901$1,949,950$1,764,967
23083Jetersville, VA 2308324.6 mi7$2,358,762$387,450$336,966
23004Arvonia, VA 2300426.7 mi5$3,824,940$425,000$764,988
24562Howardsville, VA 2456227.2 mi5$2,049,250$432,450$409,850

Frequently Asked Questions

How many homes are for sale in PROSPECT, VA 23960?

As of February 2026, there are 4 active listings in PROSPECT, VA (zip code 23960), compared to 7 the prior year.

What is the median home price in PROSPECT, VA 23960?

The median listing price in PROSPECT, VA 23960 is $329,450 as of February 2026, a 26.8% increase from $259,900 the prior year.

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

Homes in PROSPECT, VA 23960 spend an average of 118 days on the market before going under contract, compared to 29 days the prior year.

Is it a seller's or buyer's market in PROSPECT, VA 23960?

Based on current inventory and days-on-market data as of February 2026, PROSPECT, VA 23960 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 118 days on market compared to 29 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PROSPECT, VA 23960 save an estimated $6,589 compared to a typical 5% commission on the median listing price of $329,450. 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.