Is Callao, VA 22435 a buyer’s or seller’s market?
Callao is a balanced market. With about 5.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Callao housing market right now
In the three months ending August 31, 2026, 20% of homes in Callao, VA 22435 sold above their list price, the typical home went under contract in 26 days and there were 5.8 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 5 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 14%, homes sold faster (85 days then) and the median sale price rose 18% to $294,872. Overall, Callao is more competitive than a year ago, so tougher for buyers.
Within Northumberland County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Lottsburg 22511 (0% sold over asking) or Burgess 22432 (0% sold over asking).
Run the numbers for 22435
Nearby markets
Burgess 22432Buyer’s market $267 /sq ftHeathsville 22473Balanced $260 /sq ftKilmarnock 22482Buyer’s market $202 /sq ftLottsburg 22511Buyer’s market $252 /sq ft Browse all markets →Towns like Callao nearby
Find towns like Callao in other states →Where Callao is
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Questions about Callao real estate
Is Callao a buyer’s or seller’s market?
A balanced market: there were 5.8 months of supply in Callao, VA 22435 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 Callao?
The typical home went under contract in 26 days in the latest three months.
Do homes in Callao sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 101.3% of the list price.
What are property taxes in Callao?
About 0.47% of a home’s value a year in Northumberland County, or roughly $1,880 on a $400,000 home.
What is the median home price in Callao?
The median sale price was $294,872 in the three months ending August 31, 2026, about $175 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