Is Emporia, VA 23847 a buyer’s or seller’s market?
Emporia is a seller’s market. With about 3.9 months of supply and 16% 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 21% of U.S. ZIP codes, and #330 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 Emporia housing market right now
In the three months ending August 31, 2026, 16% of homes in Emporia, VA 23847 sold above their list price, the typical home went under contract in 59 days and there were 3.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 20 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 24%, homes sold more slowly (35 days then) and the median sale price rose 12% to $222,264. Overall, Emporia is less competitive than a year ago, which gives buyers more room.
On our competition score, Emporia ranks #330 of 358 VA ZIP codes with enough sales (score 26 out of 100).
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Questions about Emporia real estate
Is Emporia a buyer’s or seller’s market?
A seller’s market: there were 3.9 months of supply in Emporia, VA 23847 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 Emporia?
The typical home went under contract in 59 days in the latest three months.
Do homes in Emporia sell over asking?
16% of homes sold above their original list price, and the typical sale closed at 94.0% of the list price.
What are property taxes in Emporia?
About 0.54% of a home’s value a year in Greensville County, or roughly $2,160 on a $400,000 home.
What is the median home price in Emporia?
The median sale price was $222,264 in the three months ending August 31, 2026, about $154 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