Is Gum Spring, VA 23065 a buyer’s or seller’s market?
Gum Spring is a seller’s market. With about 3.2 months of supply and 45% 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 Gum Spring housing market right now
In the three months ending August 31, 2026, 45% of homes in Gum Spring, VA 23065 sold above their list price, the typical home went under contract in 12 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold more slowly (6 days then) and the median sale price rose 24% to $444,808. Overall, Gum Spring is less competitive than a year ago, which gives buyers more room.
Within Goochland County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in 88%.
Nearby, buyers who want less competition could look at Oilville 23129 (0% sold over asking) or Goochland 23063 (32% sold over asking), while Columbia 23038 (50% sold over asking) is even more competitive.
Run the numbers for 23065
Nearby markets
Columbia 23038Balanced $190 /sq ftCrozier 23039 $321 /sq ftGoochland 23063Seller’s market $255 /sq ftHenrico 23238Seller’s market $241 /sq ft Browse all markets →Towns like Gum Spring nearby
Find towns like Gum Spring in other states →Where Gum Spring is
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Questions about Gum Spring real estate
Is Gum Spring a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Gum Spring, VA 23065 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 Gum Spring?
The typical home went under contract in 12 days in the latest three months.
Do homes in Gum Spring sell over asking?
45% 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 Gum Spring?
About 0.50% of a home’s value a year in Goochland County, or roughly $2,000 on a $400,000 home.
What is the median home price in Gum Spring?
The median sale price was $444,808 in the three months ending August 31, 2026, about $251 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