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Is Randolph, VA 23962 a buyer’s or seller’s market?

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

Randolph is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list99.9%Share of sales, last 3 months
Median sale-to-list111.4%Sold price ÷ list price
Median days on market16Listing to accepted offer
Median price per sq ft$107

The Randolph housing market right now

In the three months ending August 31, 2026, 100% of homes in Randolph, VA 23962 sold above their list price, the typical home went under contract in 16 days and there were 6.4 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.

Nearby, buyers who want less competition could look at Phenix 23959 (0% sold over asking) or Drakes Branch 23937 (0% sold over asking).

Run the numbers for 23962

Prefilled for 23962Can I win this house?Multiple-offer likelihood for a listing Prefilled for 23962Over-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 ftPhenix 23959Buyer’s market $480 /sq ftRed House 23963 — /sq ft Browse all markets →

Where Randolph is

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Questions about Randolph real estate

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

A buyer’s market: there were 6.4 months of supply in Randolph, VA 23962 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 Randolph?

The typical home went under contract in 16 days in the latest three months.

Do homes in Randolph sell over asking?

100% of homes sold above their original list price, and the typical sale closed at 111.4% of the list price.

What are property taxes in Randolph?

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 Randolph?

The median sale price was $166,928 in the three months ending August 31, 2026, about $107 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