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Featured local agent — Pearisburg, VA
Sarah Mitchell
Compass Real Estate · Pearisburg, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Pearisburg, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$123,000median sale price
How is the Pearisburg, VA housing market right now?
The median home sale price in Pearisburg, VA is $123,000, down 51.8% year-over-year. Homes sell in an average of 7 days with 11 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Pearisburg a buyer's or seller's market?
Pearisburg, VA is currently a buyer's market, based on 11.0 months of supply and homes selling in about 7 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
7
Fast-moving
Active listings
11
11.0 months supply
Sale-to-list
87.9%
Below asking
What does the Pearisburg housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $123,000 |
| Median list price | $297,450 |
| Year-over-year price change | -51.8% |
| Average days on market | 7 days |
| Active inventory | 11 listings |
| Months of supply | 11.0 months |
| Sale-to-list price ratio | 87.9% |
| Median price per sq ft | $128/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 6 |
| Listings with a price cut | 27.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Pearisburg by property type?
How the Pearisburg, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $123,000 | $128/sq ft | 1 | 7 days |
| Townhouse | $169,000 | $114/sq ft | 1 | 30 days |
Source: Redfin · Updated monthly
The Pearisburg housing market is currently classified as a buyer's market with a median sale price of $123,000. Prices have fallen 51.8% compared to last year, with homes spending an average of 7 days on market, indicating 11.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.1x provides context for how home values compare to local earning capacity.
Homes for sale in Pearisburg
There are currently 11 homes listed for sale in Pearisburg, Virginia. The median listing price is $297K.
Active listings
11
Homes on market
Median list price
$297K
Avg. days on market
7
Days until sale
New this week
6
Newly listed
Who lives in Pearisburg?
Population
2,864
Median income
$72,924/yr
Median age
48.3 years
Owner-occupied
70.8%
College grads
13.8%
Avg commute
24.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Pearisburg?
Zillow home value
$227,020
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in Pearisburg?
Pearisburg is a community of approximately 3K residents with a median age of 48.3 years.The median household income is $72,924, which represents a working-class community with solid middle-income opportunities. 13.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 70.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Pearisburg offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Pearisburg?
3 schools tracked · 1,016 students
The largest public schools serving Pearisburg, VA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Giles High
Grades 8-12 · 554 students
Macy Mcclaugherty Elementary/Middle
Grades PK-7 · 462 students
Giles County Tech. Center
Grade range n/a
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Pearisburg, VA?
Want a head-to-head view? Compare Pearisburg side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Pearisburg?
The median home sale price in Pearisburg is $123,000, down 51.8% from last year.
How long do homes stay on market in Pearisburg?
Homes typically spend 7 days on market before going under contract.
What is the median income in Pearisburg?
The median household income is $72,924 per year.
Is Pearisburg a buyer's or seller's market?
With 11.0 months of supply, Pearisburg is currently a buyer's market.
What is the Zillow home value estimate for Pearisburg?
The Zillow Home Value Index (ZHVI) for Pearisburg is $227,020, representing the typical home value in the area.
How much does a single-family home cost in Pearisburg?
The median single-family home price in Pearisburg, VA is $123,000 (about $128 per square foot).
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