OfferBackedBuyer Tools

Is Phenix, VA 23959 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Phenix is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply12.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list73.5%Sold price ÷ list price
Median days on market25Listing to accepted offer
Median price per sq ft$480▲ +223.9% vs. last year

The Phenix housing market right now

In the three months ending August 31, 2026, 0% of homes in Phenix, VA 23959 sold above their list price, the typical home went under contract in 25 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, 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 (62 days then) and the median sale price rose 643% to $1,689,969. Overall, Phenix is more competitive than a year ago, so tougher for buyers.

Nearby, Randolph 23962 (100% sold over asking) and Charlotte Court House 23923 (25% sold over asking) are even more competitive.

Run the numbers for 23959

Prefilled for 23959Can I win this house?Multiple-offer likelihood for a listing Prefilled for 23959Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Charlotte Court House 23923Seller’s market $100 /sq ftDrakes Branch 23937Seller’s market $177 /sq ftRandolph 23962Buyer’s market $107 /sq ftRed House 23963 — /sq ft Browse all markets →

Towns like Phenix nearby

Find towns like Phenix in other states →
Saxe, VA23967 · 16 miles away72% similarcheaper homes ($33K less) · more apartments and townhomes Burkeville, VA23922 · 34 miles away56% similarcheaper homes ($27K less) · larger Virgilina, VA24598 · 34 miles away56% similar9 min shorter commute Java, VA24565 · 27 miles away52% similarlower income ($37K less) · more renters

Where Phenix is

Loading map…

Questions about Phenix real estate

Is Phenix a buyer’s or seller’s market?

A buyer’s market: there were 12.8 months of supply in Phenix, VA 23959 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 Phenix?

The typical home went under contract in 25 days in the latest three months.

Do homes in Phenix sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 73.5% of the list price.

What are property taxes in Phenix?

About 0.52% of a home’s value a year in Charlotte County, or roughly $2,080 on a $400,000 home.

What is the median home price in Phenix?

The median sale price was $1,689,969 in the three months ending August 31, 2026, about $480 per square foot.

Local agents

See all agents in 23959 →

No sponsored agents in 23959 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 23959

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Charlotte County property taxesCharlotte County loan limitsClosing costs in VirginiaHottest ZIP codes in Virginia
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology