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Is Patrick Springs, VA 24133 a buyer’s or seller’s market?

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

Patrick Springs is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list97.4%Sold price ÷ list price
Median days on market80Listing to accepted offer
Median price per sq ft$142▼ −15.4% vs. last year

The Patrick Springs housing market right now

In the three months ending August 31, 2026, 0% of homes in Patrick Springs, VA 24133 sold above their list price, the typical home went under contract in 80 days and there were 8 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 more slowly (58 days then) and the median sale price rose 6% to $263,586. Overall, Patrick Springs is less competitive than a year ago, which gives buyers more room.

Within Patrick County, homes here sell less often over asking than in any other ZIP code in the county.

Run the numbers for 24133

Prefilled for 24133Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24133Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ararat 24053 — /sq ftClaudville 24076 — /sq ftCritz 24082 $33 /sq ftMeadows Of Dan 24120Buyer’s market $220 /sq ft Browse all markets →

Towns like Patrick Springs nearby

Find towns like Patrick Springs in other states →
Stuart, VA24171 · 6 miles away80% similarpricier homes ($31K more) · larger Shawsville, VA24162 · 33 miles away77% similarpricier homes ($44K more) · younger residents Dobson, NC27017 · 38 miles away77% similarpricier homes ($35K more) · larger Danbury, NC27016 · 16 miles away75% similarpricier homes ($60K more) · more homeowners

Where Patrick Springs is

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Questions about Patrick Springs real estate

Is Patrick Springs a buyer’s or seller’s market?

A buyer’s market: there were 8 months of supply in Patrick Springs, VA 24133 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 Patrick Springs?

The typical home went under contract in 80 days in the latest three months.

Do homes in Patrick Springs sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 97.4% of the list price.

What are property taxes in Patrick Springs?

About 0.55% of a home’s value a year in Patrick County, or roughly $2,200 on a $400,000 home.

What is the median home price in Patrick Springs?

The median sale price was $263,586 in the three months ending August 31, 2026, about $142 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