Is Melfa, VA 23410 a buyer’s or seller’s market?
Melfa is a buyer’s market. With about 14.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Melfa housing market right now
In the three months ending August 31, 2026, 0% of homes in Melfa, VA 23410 sold above their list price, the typical home went under contract in 131 days and there were 14.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 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 (52 days then) and the median sale price fell 28% to $215,907. Overall, Melfa is less competitive than a year ago, which gives buyers more room.
Within Accomack County, homes here sell more slowly than in 68% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Wallops Island 23337 (100% sold over asking) and Bloxom 23308 (50% sold over asking) are even more competitive.
Run the numbers for 23410
Nearby markets
Accomac 23301Buyer’s market $125 /sq ftAtlantic 23303 — /sq ftBelle Haven 23306Buyer’s market $103 /sq ftBloxom 23308Buyer’s market $179 /sq ft Browse all markets →Towns like Melfa nearby
Find towns like Melfa in other states →Where Melfa is
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Questions about Melfa real estate
Is Melfa a buyer’s or seller’s market?
A buyer’s market: there were 14.4 months of supply in Melfa, VA 23410 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 Melfa?
The typical home went under contract in 131 days in the latest three months.
Do homes in Melfa sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.0% of the list price.
What are property taxes in Melfa?
About 0.48% of a home’s value a year in Accomack County, or roughly $1,920 on a $400,000 home.
What is the median home price in Melfa?
The median sale price was $215,907 in the three months ending August 31, 2026, about $193 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