Petersburg, VA Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Petersburg, VA is $219,000, down 8.2% year-over-year. Homes sell in an average of 76 days with 96 active listings. The market is currently a balanced market.
$219,000median sale price
Is Petersburg a buyer's or seller's market?
Petersburg, VA is currently a balanced market, based on 2.4 months of supply and homes selling in about 76 days. How we determine this →
Homes sold
40
Last 12 weeks
Days on market
76
Average pace
Active listings
96
2.4 months supply
Sale-to-list
98.1%
Below asking
Petersburg, VA market data
| Metric | Value |
|---|---|
| Median sale price | $219,000 |
| Median list price | $247,000 |
| Year-over-year price change | -8.2% |
| Average days on market | 76 days |
| Active inventory | 96 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 98.1% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Petersburg housing market is currently classified as a balanced market with a median sale price of $219,000. Prices have fallen 8.2% compared to last year, with homes spending an average of 76 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Petersburg
There are currently 96 homes listed for sale in Petersburg, Virginia. The median listing price is $247K.
Active listings
96
Homes on market
Median list price
$247K
Avg. days on market
76
Days until sale
New this week
40
Newly listed
Top public schools in 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.
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Frequently asked questions
What is the average home price in Petersburg?
The median home sale price in Petersburg is $219,000, down 8.2% from last year.
How long do homes stay on market in Petersburg?
Homes typically spend 76 days on market before going under contract.
Is Petersburg a buyer's or seller's market?
With 2.4 months of supply, Petersburg is currently a balanced market.
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