Is Lanexa, VA 23089 a buyer’s or seller’s market?
Lanexa is a seller’s market. With about 3.7 months of supply and 21% 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 68% of U.S. ZIP codes, and #174 of 362 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 July 31, 2026. See the breakdown
The Lanexa housing market right now
In the three months ending August 31, 2026, 21% of homes in Lanexa, VA 23089 sold above their list price, the typical home went under contract in 32 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 24%, homes sold more slowly (21 days then) and the median sale price rose 35% to $549,762. Overall, Lanexa is less competitive than a year ago, which gives buyers more room.
Within New Kent County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 75%.
Nearby, buyers who want less competition could look at Barhamsville 23011 (0% sold over asking), while Quinton 23141 (39% sold over asking) and Providence Forge 23140 (28% sold over asking) are even more competitive.
Run the numbers for 23089
Nearby markets
Barhamsville 23011Seller’s market $250 /sq ftNew Kent 23124Seller’s market $231 /sq ftProvidence Forge 23140Seller’s market $203 /sq ftQuinton 23141Seller’s market $230 /sq ft Browse all markets →Towns like Lanexa nearby
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Questions about Lanexa real estate
Is Lanexa a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Lanexa, VA 23089 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 Lanexa?
The typical home went under contract in 32 days in the latest three months.
Do homes in Lanexa sell over asking?
21% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Lanexa?
About 0.64% of a home’s value a year in New Kent County, or roughly $2,560 on a $400,000 home.
What is the median home price in Lanexa?
The median sale price was $549,762 in the three months ending August 31, 2026, about $252 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