Is Sedley, VA 23878 a buyer’s or seller’s market?
Sedley is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Sedley housing market right now
In the three months ending August 31, 2026, 0% of homes in Sedley, VA 23878 sold above their list price, the typical home went under contract in 155 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (5 days then) and the median sale price fell 7% to $249,842. Overall, Sedley is less competitive than a year ago, which gives buyers more room.
Within Southampton County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Boykins 23827 (80% sold over asking) and Ivor 23866 (33% sold over asking) are even more competitive.
Run the numbers for 23878
Nearby markets
Boykins 23827Seller’s market $121 /sq ftBranchville 23828 $66 /sq ftCapron 23829 — /sq ftCourtland 23837Seller’s market $183 /sq ft Browse all markets →Towns like Sedley nearby
Find towns like Sedley in other states →Where Sedley is
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Questions about Sedley real estate
Is Sedley a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Sedley, VA 23878 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 Sedley?
The typical home went under contract in 155 days in the latest three months.
Do homes in Sedley sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.9% of the list price.
What are property taxes in Sedley?
About 0.66% of a home’s value a year in Southampton County, or roughly $2,640 on a $400,000 home.
What is the median home price in Sedley?
The median sale price was $249,842 in the three months ending August 31, 2026, about $174 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