Is Green Bay, VA 23942 a buyer’s or seller’s market?
Green Bay is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Green Bay housing market right now
In the three months ending August 31, 2026, 0% of homes in Green Bay, VA 23942 sold above their list price, the typical home went under contract in 43 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room 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 was about the same (0% then), homes sold faster (116 days then) and the median sale price fell 28% to $224,903. Overall, Green Bay is more competitive than a year ago, so tougher for buyers.
Within Prince Edward County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Rice 23966 (50% sold over asking) and Prospect 23960 (33% sold over asking) are even more competitive.
Run the numbers for 23942
Nearby markets
Cullen 23934Seller’s market $121 /sq ftMeherrin 23954Balanced $151 /sq ftProspect 23960Seller’s market $210 /sq ftRice 23966Balanced $169 /sq ft Browse all markets →Towns like Green Bay nearby
Find towns like Green Bay in other states →Where Green Bay is
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Questions about Green Bay real estate
Is Green Bay a buyer’s or seller’s market?
A buyer’s market: there were 16 months of supply in Green Bay, VA 23942 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 Green Bay?
The typical home went under contract in 43 days in the latest three months.
Do homes in Green Bay sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Green Bay?
About 0.43% of a home’s value a year in Prince Edward County, or roughly $1,720 on a $400,000 home.
What is the median home price in Green Bay?
The median sale price was $224,903 in the three months ending August 31, 2026, about $192 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