Drakes Branch, VA Home Values & Market Trends
Real estate market trends reflect that there have been 2 transactions over the past year in Drakes Branch. The median value for residential home transactions that occurred over the previous year is $173,988. The number of current listings in Drakes Branch is 16, and the percentage of properties for sale in the city is 16.00%. Drakes Branch, VA currently has 3 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 16 properties for sale.
Drakes Branch, VA Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 23937 | $ 173,988 $ 121/sqft |
Housing Market Summary for Drakes Branch, VA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $199.9K | $204.9K | 2.53% |
| Median Sold Price | $0 | $146.6K | - |
| Homes For Sale | 8 | 16 | 100.00% |
| Homes Sold | 0 | 2 | - |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Drakes Branch, VA
Browse Homes in Drakes Branch, VA
Drakes Branch home values range from $60,000 to $599,000. The median estimated value of a home in Drakes Branch is $173,988. The median list price of a home is 204,950, and the total count of properties in the city is 24.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Drakes Branch, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Drakes Branch, VA; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Drakes Branch, VA ranges from the highest value of $172,686 in 23937 to the lowest value of $172,686 in 23937. Bank owned homes and properties account for 4.17% of properties in Drakes Branch, VA. There is 1 zips within Drakes Branch, VA; 23937 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions23937 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Drakes Branch, VA. Auction homes and other auction properties account for 8.33% of all properties in Drakes Branch, VA. There is 1 zips within Drakes Branch, VA; of that zips, the median estimated home value for homes going to auction ranges from $210,000 in 23937 to the lowest value of $136,262 in 23937.
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Guide for Drakes Branch, VA
Virginia Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.