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Is Machipongo, VA 23405 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Machipongo is a balanced market. With about 4.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list97.5%Sold price ÷ list price
Median days on market34Listing to accepted offer
Median price per sq ft$241▲ +46.6% vs. last year

The Machipongo housing market right now

In the three months ending August 31, 2026, 0% of homes in Machipongo, VA 23405 sold above their list price, the typical home went under contract in 34 days and there were 4.6 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 7 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 (0% then), homes sold more slowly (28 days then) and the median sale price rose 164% to $524,773. Overall, Machipongo is about as competitive as it was a year ago.

Within Northampton County, homes here sell less often over asking than in any other ZIP code in the county.

Nearby, Cape Charles 23310 (19% sold over asking) is even more competitive.

Run the numbers for 23405

Prefilled for 23405Can I win this house?Multiple-offer likelihood for a listing Prefilled for 23405Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Birdsnest 23307 $102 /sq ftCape Charles 23310Buyer’s market $318 /sq ftExmore 23350Buyer’s market $154 /sq ftFranktown 23354Seller’s market $261 /sq ft Browse all markets →

Towns like Machipongo nearby

Find towns like Machipongo in other states →
Port Haywood, VA23138 · 22 miles away73% similarcheaper homes ($64K less) · older residents Topping, VA23169 · 33 miles away60% similarcheaper homes ($94K less) · 16 min shorter commute Saluda, VA23149 · 40 miles away50% similarcheaper homes ($59K less) · larger Deltaville, VA23043 · 26 miles away47% similarpricier homes ($79K more) · older residents

Where Machipongo is

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Questions about Machipongo real estate

Is Machipongo a buyer’s or seller’s market?

A balanced market: there were 4.6 months of supply in Machipongo, VA 23405 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 Machipongo?

The typical home went under contract in 34 days in the latest three months.

Do homes in Machipongo sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.

What are property taxes in Machipongo?

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 Machipongo?

The median sale price was $524,773 in the three months ending August 31, 2026, about $241 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