Is Pungoteague, VA 23422 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

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

Months of supply—Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market2Listing to accepted offer
Median price per sq ft$222

The Pungoteague housing market right now

In the three months ending August 31, 2026, 0% of homes in Pungoteague, VA 23422 sold above their list price and the typical home went under contract in 2 days. With only 1 sale, these figures can swing a lot from month to month.

Within Accomack County, homes here sell faster, and 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.

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 Pungoteague is

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Questions about Pungoteague real estate

How fast do homes sell in Pungoteague?

The typical home went under contract in 2 days in the latest three months.

Do homes in Pungoteague sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Pungoteague?

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 Pungoteague?

The median sale price was $279,879 in the three months ending August 31, 2026, about $222 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