Is Cape Charles, VA 23310 a buyer’s or seller’s market?
Cape Charles is a buyer’s market. With about 8.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 29% of U.S. ZIP codes, and #316 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 Cape Charles housing market right now
In the three months ending August 31, 2026, 19% of homes in Cape Charles, VA 23310 sold above their list price, the typical home went under contract in 75 days and there were 8.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 38 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (21% then), homes sold more slowly (55 days then) and the median sale price rose 18% to $649,719. Overall, Cape Charles is less competitive than a year ago, which gives buyers more room.
Within Northampton County, homes here sell more often over asking than in any other ZIP code in the county. On our competition score, Cape Charles ranks #316 of 358 VA ZIP codes with enough sales (score 32 out of 100).
Nearby, buyers who want less competition could look at Machipongo 23405 (0% sold over asking) or Franktown 23354 (0% sold over asking).
Run the numbers for 23310
Nearby markets
Birdsnest 23307 $102 /sq ftExmore 23350Buyer’s market $154 /sq ftFranktown 23354Seller’s market $261 /sq ftMachipongo 23405Balanced $241 /sq ft Browse all markets →Towns like Cape Charles nearby
Find towns like Cape Charles in other states →Where Cape Charles is
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Questions about Cape Charles real estate
Is Cape Charles a buyer’s or seller’s market?
A buyer’s market: there were 8.5 months of supply in Cape Charles, VA 23310 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 Cape Charles?
The typical home went under contract in 75 days in the latest three months.
Do homes in Cape Charles sell over asking?
19% of homes sold above their original list price, and the typical sale closed at 99.0% of the list price.
What are property taxes in Cape Charles?
About 0.57% of a home’s value a year in Northampton County, or roughly $2,280 on a $400,000 home.
What is the median home price in Cape Charles?
The median sale price was $649,719 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