Is Spring Grove, VA 23881 a buyer’s or seller’s market?
Spring Grove is a seller’s market. With about 2 months of supply and 0% 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.
The Spring Grove housing market right now
In the three months ending August 31, 2026, 0% of homes in Spring Grove, VA 23881 sold above their list price, the typical home went under contract in 33 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (46 days then) and the median sale price fell 19% to $274,881. Overall, Spring Grove is more competitive than a year ago, so tougher for buyers.
Within Surry County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Surry 23883 (67% sold over asking) and Dendron 23839 (50% sold over asking) are even more competitive.
Run the numbers for 23881
Nearby markets
Claremont 23899 $147 /sq ftDendron 23839Buyer’s market $139 /sq ftElberon 23846Seller’s market $216 /sq ftSurry 23883Buyer’s market $206 /sq ft Browse all markets →Towns like Spring Grove nearby
Find towns like Spring Grove in other states →Where Spring Grove is
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Questions about Spring Grove real estate
Is Spring Grove a buyer’s or seller’s market?
A seller’s market: there were 2 months of supply in Spring Grove, VA 23881 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 Spring Grove?
The typical home went under contract in 33 days in the latest three months.
Do homes in Spring Grove sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.9% of the list price.
What are property taxes in Spring Grove?
About 0.69% of a home’s value a year in Surry County, or roughly $2,760 on a $400,000 home.
What is the median home price in Spring Grove?
The median sale price was $274,881 in the three months ending August 31, 2026, about $208 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