Is Onley, VA 23418 a buyer’s or seller’s market?
Onley is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Onley housing market right now
In the three months ending August 31, 2026, 0% of homes in Onley, VA 23418 sold above their list price, the typical home went under contract in 29 days and there were 4.8 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 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 faster (118 days then) and the median sale price rose 104% to $321,211. Overall, Onley is more competitive than a year ago, so tougher for buyers.
Within Accomack County, homes here sell faster than in 84% 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 23418
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 →Where Onley is
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Questions about Onley real estate
Is Onley a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Onley, VA 23418 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 Onley?
The typical home went under contract in 29 days in the latest three months.
Do homes in Onley sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 89.6% of the list price.
What are property taxes in Onley?
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 Onley?
The median sale price was $321,211 in the three months ending August 31, 2026, about $166 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