Is Washington, VA 22747 a buyer’s or seller’s market?
Washington is a buyer’s market. With about 8.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Washington housing market right now
In the three months ending August 31, 2026, 0% of homes in Washington, VA 22747 sold above their list price, the typical home went under contract in 82 days and there were 8.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, 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 (8 days then) and the median sale price rose 8% to $894,613. Overall, Washington is less competitive than a year ago, which gives buyers more room.
Within Rappahannock County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Chester Gap 22623 (67% sold over asking) and Amissville 20106 (24% sold over asking) are even more competitive.
Run the numbers for 22747
Nearby markets
Amissville 20106Buyer’s market $281 /sq ftCastleton 22716Buyer’s market $324 /sq ftChester Gap 22623Seller’s market $280 /sq ftFlint Hill 22627Seller’s market $371 /sq ft Browse all markets →Where Washington is
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Questions about Washington real estate
Is Washington a buyer’s or seller’s market?
A buyer’s market: there were 8.5 months of supply in Washington, VA 22747 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 Washington?
The typical home went under contract in 82 days in the latest three months.
Do homes in Washington sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 89.1% of the list price.
What are property taxes in Washington?
About 0.49% of a home’s value a year in Rappahannock County, or roughly $1,960 on a $400,000 home.
What is the median home price in Washington?
The median sale price was $894,613 in the three months ending August 31, 2026, about $388 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