Is Prince George, VA 23875 a buyer’s or seller’s market?
Prince George is a seller’s market. With about 1.9 months of supply and 47% 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 79% of U.S. ZIP codes, and #66 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 Prince George housing market right now
In the three months ending August 31, 2026, 47% of homes in Prince George, VA 23875 sold above their list price, the typical home went under contract in 30 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 31 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 42%, homes sold more slowly (20 days then) and the median sale price fell 9% to $342,097. Overall, Prince George is about as competitive as it was a year ago.
On our competition score, Prince George ranks #66 of 358 VA ZIP codes with enough sales (score 75 out of 100).
Nearby, buyers who want less competition could look at Petersburg 23805 (22% sold over asking) or Hopewell 23860 (30% sold over asking).
Run the numbers for 23875
Nearby markets
Disputanta 23842Seller’s market $223 /sq ftHopewell 23860Seller’s market $195 /sq ftPetersburg 23805Seller’s market $173 /sq ft Browse all markets →Towns like Prince George nearby
Find towns like Prince George in other states →Where Prince George is
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Questions about Prince George real estate
Is Prince George a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Prince George, VA 23875 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 Prince George?
The typical home went under contract in 30 days in the latest three months.
Do homes in Prince George sell over asking?
47% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.
What are property taxes in Prince George?
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 Prince George?
The median sale price was $342,097 in the three months ending August 31, 2026, about $203 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