Is Foster, VA 23056 a buyer’s or seller’s market?
Foster is a seller’s market. With about 1.6 months of supply and 50% 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 Foster housing market right now
In the three months ending August 31, 2026, 50% of homes in Foster, VA 23056 sold above their list price, the typical home went under contract in 201 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (40 days then) and the median sale price rose 49% to $611,735. Overall, Foster is less competitive than a year ago, which gives buyers more room.
Within Mathews County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 82%.
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) is even more competitive.
Run the numbers for 23056
Nearby markets
Cardinal 23025Seller’s market $104 /sq ftCobbs Creek 23035Seller’s market $198 /sq ftDiggs 23045Seller’s market $174 /sq ftDutton 23050Seller’s market $196 /sq ft Browse all markets →Where Foster is
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Questions about Foster real estate
Is Foster a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Foster, VA 23056 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 Foster?
The typical home went under contract in 201 days in the latest three months.
Do homes in Foster sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 100.4% of the list price.
What are property taxes in Foster?
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 Foster?
The median sale price was $611,735 in the three months ending August 31, 2026, about $312 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