Is Powhatan, VA 23139 a buyer’s or seller’s market?
Powhatan is a seller’s market. With about 2.8 months of supply and 33% 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 74% of U.S. ZIP codes, and #113 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 Powhatan housing market right now
In the three months ending August 31, 2026, 33% of homes in Powhatan, VA 23139 sold above their list price, the typical home went under contract in 19 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 120 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (32% then), homes sold about as fast and the median sale price rose 3% to $524,773. Overall, Powhatan is about as competitive as it was a year ago.
On our competition score, Powhatan ranks #113 of 358 VA ZIP codes with enough sales (score 70 out of 100).
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Questions about Powhatan real estate
Is Powhatan a buyer’s or seller’s market?
A seller’s market: there were 2.8 months of supply in Powhatan, VA 23139 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 Powhatan?
The typical home went under contract in 19 days in the latest three months.
Do homes in Powhatan sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What are property taxes in Powhatan?
About 0.59% of a home’s value a year in Powhatan County, or roughly $2,360 on a $400,000 home.
What is the median home price in Powhatan?
The median sale price was $524,773 in the three months ending August 31, 2026, about $249 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