Is Kilmarnock, VA 22482 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Kilmarnock is a buyer’s market. With about 6.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Competition score7/ 100

More competitive than 2% of U.S. ZIP codes, and #357 of 358 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply6.2Under 4 months = seller’s market
Sold above original list4.8%Share of sales, last 3 months
Median sale-to-list95.1%Sold price ÷ list price
Median days on market85Listing to accepted offer
Median price per sq ft$202▼ −8.9% vs. last year

The Kilmarnock housing market right now

In the three months ending August 31, 2026, 5% of homes in Kilmarnock, VA 22482 sold above their list price, the typical home went under contract in 85 days and there were 6.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 22 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 23%, homes sold more slowly (47 days then) and the median sale price fell 5% to $316,363. Overall, Kilmarnock is less competitive than a year ago, which gives buyers more room.

Within Northumberland County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in 60%. On our competition score, Kilmarnock ranks #357 of 358 VA ZIP codes with enough sales (score 7 out of 100).

Nearby, buyers who want less competition could look at Lottsburg 22511 (0% sold over asking) or Burgess 22432 (0% sold over asking), while Callao 22435 (20% sold over asking) and Heathsville 22473 (15% sold over asking) are even more competitive.

Nearby markets

Burgess 22432Buyer’s market $267 /sq ftCallao 22435Balanced $175 /sq ftHeathsville 22473Balanced $260 /sq ftLottsburg 22511Buyer’s market $252 /sq ft Browse all markets →

Where Kilmarnock is

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Questions about Kilmarnock real estate

Is Kilmarnock a buyer’s or seller’s market?

A buyer’s market: there were 6.2 months of supply in Kilmarnock, VA 22482 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 Kilmarnock?

The typical home went under contract in 85 days in the latest three months.

Do homes in Kilmarnock sell over asking?

5% of homes sold above their original list price, and the typical sale closed at 95.1% of the list price.

What are property taxes in Kilmarnock?

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 Kilmarnock?

The median sale price was $316,363 in the three months ending August 31, 2026, about $202 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