Brokers — List your Company Here
Featured local agent — Petersburg, VA
Sarah Mitchell
Compass Real Estate · Petersburg, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Petersburg, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$227,500median sale price
How is the Petersburg, VA housing market right now?
The median home sale price in Petersburg, VA is $227,500, down 1.6% year-over-year. Homes sell in an average of 25 days with 113 active listings. The market is currently a seller'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 Petersburg a buyer's or seller's market?
Petersburg, VA is currently a seller's market, based on 2.1 months of supply and homes selling in about 25 days. How we determine this →
Homes sold
54
Last 12 weeks
Days on market
25
Average pace
Active listings
113
2.1 months supply
Sale-to-list
99.6%
Below asking
What does the Petersburg housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $227,500 |
| Median list price | $243,250 |
| Year-over-year price change | -1.6% |
| Average days on market | 25 days |
| Active inventory | 113 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 99.6% |
| Median price per sq ft | $151/sq ft |
| Homes sold (latest month) | 54 |
| New listings (latest month) | 66 |
| Listings with a price cut | 34.5% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Petersburg by property type?
How the Petersburg, 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 | $250,000 | $155/sq ft | 49 | 23 days |
| Condo / Co-op | $208,900 | $162/sq ft | 1 | 154 days |
| Townhouse | $118,500 | $107/sq ft | 1 | 389 days |
Source: Redfin · Updated monthly
The Petersburg housing market is currently classified as a seller's market with a median sale price of $227,500. Prices have fallen 1.6% compared to last year, with homes spending an average of 25 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.0x provides context for how home values compare to local earning capacity.
Homes for sale in Petersburg
There are currently 113 homes listed for sale in Petersburg, Virginia. The median listing price is $243K.
Active listings
113
Homes on market
Median list price
$243K
Avg. days on market
25
Days until sale
New this week
66
Newly listed
Who lives in Petersburg?
Population
33,365
Median income
$50,741/yr
Median age
35.8 years
Owner-occupied
38.3%
College grads
25.0%
Avg commute
26.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Petersburg?
Zillow home value
$253,907
Zillow rent index
$1,337/mo
Price-to-rent ratio
15.8x
Price-to-income
5.0x
Source: Zillow Research
What is it like to live in Petersburg?
Petersburg is a community of approximately 33K residents with a median age of 35.8 years.The median household income is $50,741, which represents a working-class community with solid middle-income opportunities. 25.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 38.3%, showing a blend of owner and renter-occupied properties. The average commute time is 26.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Petersburg offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Petersburg?
11 schools tracked · 4,464 students
The largest public schools serving Petersburg, 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.
Petersburg High
Grades 9-12 · 1,171 students
Vernon Johns Middle
Grades 6-8 · 901 students
Walnut Hill Elementary
Grades K-5 · 539 students
Cool Spring Elementary
Grades K-5 · 529 students
Pleasants Lane Elementary
Grades K-5 · 515 students
Westview Early Childhood Education Center
Grades PK · 405 students
Lakemont Elementary
Grades K-5 · 404 students
Appomattox Regional Governor's School
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 Petersburg, VA?
Want a head-to-head view? Compare Petersburg side-by-side with any other U.S. city using our market-comparison tool.
Is Petersburg a good real estate investment market?
For investors evaluating Petersburg, the price-to-rent ratio of 15.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 1.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Petersburg's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Petersburg's median home price.
Frequently asked questions
What is the average home price in Petersburg?
The median home sale price in Petersburg is $227,500, down 1.6% from last year.
How long do homes stay on market in Petersburg?
Homes typically spend 25 days on market before going under contract.
What is the median income in Petersburg?
The median household income is $50,741 per year.
Is Petersburg a buyer's or seller's market?
With 2.1 months of supply, Petersburg is currently a seller's market.
What is the Zillow home value estimate for Petersburg?
The Zillow Home Value Index (ZHVI) for Petersburg is $253,907, representing the typical home value in the area.
What is the median condo price in Petersburg?
The median condo/co-op sale price in Petersburg, VA is $208,900, compared to $250,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Petersburg?
The median single-family home price in Petersburg, VA is $250,000 (about $155 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Petersburg, VA
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Petersburg market alerts
Weekly updates on prices, inventory, and trends. Free forever.