Is Cardinal, VA 23025 a buyer’s or seller’s market?

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

Cardinal is a seller’s market. With about 1.3 months of supply and 40% 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.

Months of supply1.3Under 4 months = seller’s market
Sold above original list40%Share of sales, last 3 months
Median sale-to-list100.7%Sold price ÷ list price
Median days on market70Listing to accepted offer
Median price per sq ft$104▼ −62.2% vs. last year

The Cardinal housing market right now

In the three months ending August 31, 2026, 40% of homes in Cardinal, VA 23025 sold above their list price, the typical home went under contract in 70 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 fell from 50%, homes sold more slowly (23 days then) and the median sale price fell 47% to $549,762. Overall, Cardinal is less competitive than a year ago, which gives buyers more room.

Within Mathews County, homes here sell more slowly than in 82% of the county’s ZIP codes, and sell more often over asking than in 73%.

Nearby, buyers who want less competition could look at Port Haywood 23138 (0% sold over asking) or Onemo 23130 (0% sold over asking), while Gwynn 23066 (100% sold over asking) and Diggs 23045 (50% sold over asking) are even more competitive.

Nearby markets

Cobbs Creek 23035Seller’s market $198 /sq ftDiggs 23045Seller’s market $174 /sq ftDutton 23050Seller’s market $196 /sq ftFoster 23056Seller’s market $312 /sq ft Browse all markets →

Where Cardinal is

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Questions about Cardinal real estate

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

A seller’s market: there were 1.3 months of supply in Cardinal, VA 23025 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 Cardinal?

The typical home went under contract in 70 days in the latest three months.

Do homes in Cardinal sell over asking?

40% of homes sold above their original list price, and the typical sale closed at 100.7% of the list price.

What are property taxes in Cardinal?

About 0.43% of a home’s value a year in Mathews County, or roughly $1,720 on a $400,000 home.

What is the median home price in Cardinal?

The median sale price was $549,762 in the three months ending August 31, 2026, about $104 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