Is Champlain, VA 22438 a buyer’s or seller’s market?
Champlain is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Champlain housing market right now
In the three months ending August 31, 2026, 0% of homes in Champlain, VA 22438 sold above their list price, the typical home went under contract in 78 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (1 days then) and the median sale price rose 13% to $389,829. Overall, Champlain is less competitive than a year ago, which gives buyers more room.
Within Essex County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Laneview 22504 (100% sold over asking) and Tappahannock 22560 (26% sold over asking) are even more competitive.
Run the numbers for 22438
Nearby markets
Caret 22436 $155 /sq ftDunnsville 22454Seller’s market $238 /sq ftLaneview 22504Buyer’s market $240 /sq ftTappahannock 22560Seller’s market $195 /sq ft Browse all markets →Where Champlain is
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Questions about Champlain real estate
Is Champlain a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Champlain, VA 22438 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 Champlain?
The typical home went under contract in 78 days in the latest three months.
Do homes in Champlain sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Champlain?
About 0.57% of a home’s value a year in Essex County, or roughly $2,280 on a $400,000 home.
What is the median home price in Champlain?
The median sale price was $389,829 in the three months ending August 31, 2026, about $186 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