Is The Plains, VA 20198 a buyer’s or seller’s market?
The Plains is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The The Plains housing market right now
In the three months ending August 31, 2026, 50% of homes in The Plains, VA 20198 sold above their list price, the typical home went under contract in 43 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold faster (79 days then) and the median sale price fell 39% to $1,283,445. Overall, The Plains is more competitive than a year ago, so tougher for buyers.
Within Fauquier County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Sumerduck 22742 (0% sold over asking) or Markham 22643 (0% sold over asking).
Run the numbers for 20198
Nearby markets
Bealeton 22712Balanced $248 /sq ftBroad Run 20137Balanced $355 /sq ftCatlett 20119Seller’s market $260 /sq ftDelaplane 20144Buyer’s market $228 /sq ft Browse all markets →Towns like The Plains nearby
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Questions about The Plains real estate
Is The Plains a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in The Plains, VA 20198 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in The Plains?
The typical home went under contract in 43 days in the latest three months.
Do homes in The Plains sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in The Plains?
About 0.75% of a home’s value a year in Fauquier County, or roughly $3,000 on a $400,000 home.
What is the median home price in The Plains?
The median sale price was $1,283,445 in the three months ending August 31, 2026, about $521 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology