Is Chincoteague Island, VA 23336 a buyer’s or seller’s market?

The Chincoteague Island housing market right now

In the three months ending August 31, 2026, 9% of homes in Chincoteague Island, VA 23336 sold above their list price, the typical home went under contract in 79 days and there were 4.2 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. That’s based on 36 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (8% then), homes sold more slowly (57 days then) and the median sale price rose 1% to $339,353. Overall, Chincoteague Island is less competitive than a year ago, which gives buyers more room.

Within Accomack County, homes here sell faster than in 53% of the county’s ZIP codes, and sell more often over asking than in 81%. On our competition score, Chincoteague Island ranks #341 of 358 VA ZIP codes with enough sales (score 18 out of 100).

Nearby, buyers who want less competition could look at Withams 23488 (0% sold over asking) or Wachapreague 23480 (0% sold over asking), while Wallops Island 23337 (100% sold over asking) and Bloxom 23308 (50% sold over asking) are even more competitive.