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Is Weems, VA 22576 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Weems 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.

Months of supply4.8Under 4 months = seller’s market
Sold above original list10%Share of sales, last 3 months
Median sale-to-list94.6%Sold price ÷ list price
Median days on market50Listing to accepted offer
Median price per sq ft$264▼ −9.1% vs. last year

The Weems housing market right now

In the three months ending August 31, 2026, 10% of homes in Weems, VA 22576 sold above their list price, the typical home went under contract in 50 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. That’s based on 10 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (105 days then) and the median sale price fell 3% to $874,622. Overall, Weems is more competitive than a year ago, so tougher for buyers.

Nearby, buyers who want less competition could look at Irvington 22480 (0% sold over asking) or Lancaster 22503 (5% sold over asking), while White Stone 22578 (38% sold over asking) is even more competitive.

Run the numbers for 22576

Prefilled for 22576Can I win this house?Multiple-offer likelihood for a listing Prefilled for 22576Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Irvington 22480Balanced $231 /sq ftLancaster 22503Balanced $211 /sq ftWhite Stone 22578Buyer’s market $252 /sq ft Browse all markets →

Towns like Weems nearby

Find towns like Weems in other states →
Lanexa, VA23089 · 32 miles away77% similarlarger · younger residents Port Haywood, VA23138 · 22 miles away74% similarlower income ($26K less) · cheaper homes ($136K less) Deltaville, VA23043 · 10 miles away68% similarlower income ($34K less) · 8 min shorter commute Hartfield, VA23071 · 9 miles away65% similarpricier homes ($43K more) · younger residents

Where Weems is

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Questions about Weems real estate

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

A balanced market: there were 4.8 months of supply in Weems, VA 22576 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 Weems?

The typical home went under contract in 50 days in the latest three months.

Do homes in Weems sell over asking?

10% of homes sold above their original list price, and the typical sale closed at 94.6% of the list price.

What are property taxes in Weems?

About 0.48% of a home’s value a year in Lancaster County, or roughly $1,920 on a $400,000 home.

What is the median home price in Weems?

The median sale price was $874,622 in the three months ending August 31, 2026, about $264 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