Is Toano, VA 23168 a buyer’s or seller’s market?
Toano is a seller’s market. With about 1.6 months of supply and 28% 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 61% of U.S. ZIP codes, and #193 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 Toano housing market right now
In the three months ending August 31, 2026, 28% of homes in Toano, VA 23168 sold above their list price, the typical home went under contract in 66 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 90 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 21%, homes sold more slowly (39 days then) and the median sale price fell 11% to $462,910. Overall, Toano is about as competitive as it was a year ago.
On our competition score, Toano ranks #193 of 358 VA ZIP codes with enough sales (score 59 out of 100).
Nearby, buyers who want less competition could look at Williamsburg 23188 (19% sold over asking) or Williamsburg 23185 (22% sold over asking).
Run the numbers for 23168
Nearby markets
Williamsburg 23185Seller’s market $220 /sq ftWilliamsburg 23188Seller’s market $224 /sq ft Browse all markets →Towns like Toano nearby
Find towns like Toano in other states →Where Toano is
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Questions about Toano real estate
Is Toano a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Toano, VA 23168 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 Toano?
The typical home went under contract in 66 days in the latest three months.
Do homes in Toano sell over asking?
28% 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 Toano?
About 0.65% of a home’s value a year in James City County, or roughly $2,600 on a $400,000 home.
What is the median home price in Toano?
The median sale price was $462,910 in the three months ending August 31, 2026, about $207 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