Is Locust Hill, VA 23092 a buyer’s or seller’s market?
Locust Hill is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Locust Hill housing market right now
In the three months ending August 31, 2026, 33% of homes in Locust Hill, VA 23092 sold above their list price, the typical home went under contract in 21 days and there were 5.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (33% then), homes sold faster (32 days then) and the median sale price rose 111% to $674,708. Overall, Locust Hill is more competitive than a year ago, so tougher for buyers.
Within Middlesex 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 Water View 23180 (0% sold over asking) or Wake 23176 (0% sold over asking), while Saluda 23149 (44% sold over asking) is even more competitive.
Run the numbers for 23092
Nearby markets
Church View 23032 — /sq ftDeltaville 23043Seller’s market $315 /sq ftHardyville 23070Seller’s market $207 /sq ftHartfield 23071Seller’s market $247 /sq ft Browse all markets →Where Locust Hill is
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Questions about Locust Hill real estate
Is Locust Hill a buyer’s or seller’s market?
A balanced market: there were 5.3 months of supply in Locust Hill, VA 23092 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 Locust Hill?
The typical home went under contract in 21 days in the latest three months.
Do homes in Locust Hill sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 101.9% of the list price.
What are property taxes in Locust Hill?
About 0.50% of a home’s value a year in Middlesex County, or roughly $2,000 on a $400,000 home.
What is the median home price in Locust Hill?
The median sale price was $674,708 in the three months ending August 31, 2026, about $318 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