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Is Onancock, VA 23417 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Onancock is a buyer’s market. With about 9.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.8Under 4 months = seller’s market
Sold above original list7.1%Share of sales, last 3 months
Median sale-to-list89.9%Sold price ÷ list price
Median days on market55Listing to accepted offer
Median price per sq ft$154▼ −23.6% vs. last year

The Onancock housing market right now

In the three months ending August 31, 2026, 7% of homes in Onancock, VA 23417 sold above their list price, the typical home went under contract in 55 days and there were 9.8 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 14 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 13%, homes sold about as fast and the median sale price fell 5% to $332,231. Overall, Onancock is less competitive than a year ago, which gives buyers more room.

Within Accomack County, homes here sell faster than in 74% of the county’s ZIP codes, and sell more often over asking than in 76%.

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.

Run the numbers for 23417

Prefilled for 23417Can I win this house?Multiple-offer likelihood for a listing Prefilled for 23417Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

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 Onancock nearby

Find towns like Onancock in other states →
Mathews, VA23109 · 38 miles away78% similarsmaller · younger residents Snow Hill, MD21863 · 38 miles away76% similarcheaper homes ($30K less) · younger residents Pocomoke City, MD21851 · 27 miles away74% similarcheaper homes ($87K less) · larger Exmore, VA23350 · 15 miles away70% similarcheaper homes ($123K less) · newer homes

Where Onancock is

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Questions about Onancock real estate

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

A buyer’s market: there were 9.8 months of supply in Onancock, VA 23417 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 Onancock?

The typical home went under contract in 55 days in the latest three months.

Do homes in Onancock sell over asking?

7% of homes sold above their original list price, and the typical sale closed at 89.9% of the list price.

What are property taxes in Onancock?

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 Onancock?

The median sale price was $332,231 in the three months ending August 31, 2026, about $154 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