Is Gloucester, VA 23061 a buyer’s or seller’s market?
Gloucester is a seller’s market. With about 2.5 months of supply and 23% 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.
More competitive than 65% of U.S. ZIP codes, and #164 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Gloucester housing market right now
In the three months ending August 31, 2026, 23% of homes in Gloucester, VA 23061 sold above their list price, the typical home went under contract in 37 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 89 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 26%, homes sold more slowly (20 days then) and the median sale price rose 6% to $402,326. Overall, Gloucester is less competitive than a year ago, which gives buyers more room.
On our competition score, Gloucester ranks #164 of 358 VA ZIP codes with enough sales (score 62 out of 100).
Nearby, Gloucester Point 23062 (36% sold over asking) and Hayes 23072 (27% sold over asking) are even more competitive.
Run the numbers for 23061
Nearby markets
Gloucester Point 23062Seller’s market $203 /sq ftHayes 23072Seller’s market $224 /sq ft Browse all markets →Towns like Gloucester nearby
Find towns like Gloucester in other states →Where Gloucester is
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Questions about Gloucester real estate
Is Gloucester a buyer’s or seller’s market?
A seller’s market: there were 2.5 months of supply in Gloucester, VA 23061 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 Gloucester?
The typical home went under contract in 37 days in the latest three months.
Do homes in Gloucester sell over asking?
23% of homes sold above their original list price, and the typical sale closed at 100.1% of the list price.
What are property taxes in Gloucester?
About 0.57% of a home’s value a year in Gloucester County, or roughly $2,280 on a $400,000 home.
What is the median home price in Gloucester?
The median sale price was $402,326 in the three months ending August 31, 2026, about $239 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