Is Petersburg, VA 23805 a buyer’s or seller’s market?
Petersburg is a seller’s market. With about 2.7 months of supply and 22% 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 54% of U.S. ZIP codes, and #239 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, 22% of homes in Petersburg, VA 23805 sold above their list price, the typical home went under contract in 33 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 61 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 39%, homes sold more slowly (19 days then) and the median sale price rose 7% to $282,378. Overall, Petersburg is less competitive than a year ago, which gives buyers more room.
On our competition score, Petersburg ranks #239 of 358 VA ZIP codes with enough sales (score 53 out of 100).
Nearby, Prince George 23875 (47% sold over asking) and Disputanta 23842 (41% sold over asking) are even more competitive.
Run the numbers for 23805
Nearby markets
Disputanta 23842Seller’s market $223 /sq ftHopewell 23860Seller’s market $195 /sq ftPrince George 23875Seller’s market $203 /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 2.7 months of supply in Petersburg, VA 23805 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 33 days in the latest three months.
Do homes in Petersburg sell over asking?
22% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.
What are property taxes in Petersburg?
About 0.74% of a home’s value a year in Prince George County, or roughly $2,960 on a $400,000 home.
What is the median home price in Petersburg?
The median sale price was $282,378 in the three months ending August 31, 2026, about $173 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