Is Glen Allen, VA 23059 a buyer’s or seller’s market?

The Glen Allen housing market right now

In the three months ending August 31, 2026, 33% of homes in Glen Allen, VA 23059 sold above their list price, the typical home went under contract in 18 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 165 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 40%, homes sold faster (23 days then) and the median sale price rose 6% to $582,248. Overall, Glen Allen is less competitive than a year ago, which gives buyers more room.

Within Hanover County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in 63%. On our competition score, Glen Allen ranks #76 of 358 VA ZIP codes with enough sales (score 74 out of 100).

Nearby, buyers who want less competition could look at Doswell 23047 (0% sold over asking) or Rockville 23146 (22% sold over asking), while Beaverdam 23015 (48% sold over asking) and Mechanicsville 23111 (40% sold over asking) are even more competitive.