Is Colonial Heights, VA 23834 a buyer’s or seller’s market?

The Colonial Heights housing market right now

In the three months ending August 31, 2026, 31% of homes in Colonial Heights, VA 23834 sold above their list price, the typical home went under contract in 19 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 87 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 42%, homes sold about as fast and the median sale price fell 5% to $284,877. Overall, Colonial Heights is less competitive than a year ago, which gives buyers more room.

Within Chesterfield County, homes here sell faster than in 58% of the county’s ZIP codes, and sell less often over asking than in 67%. On our competition score, Colonial Heights ranks #145 of 358 VA ZIP codes with enough sales (score 66 out of 100).

Nearby, buyers who want less competition could look at Moseley 23120 (24% sold over asking) or Chesterfield 23838 (28% sold over asking), while Richmond 23235 (51% sold over asking) and Midlothian 23113 (45% sold over asking) are even more competitive.