Is Petersburg, VA 23803 a buyer’s or seller’s market?
Petersburg is a seller’s market. With about 3.2 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 60% of U.S. ZIP codes, and #207 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Petersburg housing market right now
In the three months ending August 31, 2026, 25% of homes in Petersburg, VA 23803 sold above their list price, the typical home went under contract in 26 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 137 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 34%, homes sold about as fast and the median sale price rose 12% to $268,384. Overall, Petersburg is less competitive than a year ago, which gives buyers more room.
Within Dinwiddie County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in 87%. On our competition score, Petersburg ranks #207 of 358 VA ZIP codes with enough sales (score 58 out of 100).
Nearby, buyers who want less competition could look at Carson 23830 (0% sold over asking), while Wilsons 23894 (100% sold over asking) and Dewitt 23840 (50% sold over asking) are even more competitive.
Run the numbers for 23803
Nearby markets
Carson 23830Seller’s market $196 /sq ftChurch Road 23833Seller’s market $239 /sq ftDewitt 23840Buyer’s market $201 /sq ftDinwiddie 23841Balanced $256 /sq ft Browse all markets →Towns like Petersburg nearby
Find towns like Petersburg in other states →Where Petersburg is
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Questions about Petersburg real estate
Is Petersburg a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Petersburg, VA 23803 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 Petersburg?
The typical home went under contract in 26 days in the latest three months.
Do homes in Petersburg sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Petersburg?
About 0.55% of a home’s value a year in Dinwiddie County, or roughly $2,200 on a $400,000 home.
What is the median home price in Petersburg?
The median sale price was $268,384 in the three months ending August 31, 2026, about $183 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