Petersburg, VA Home Values & Market Trends
Real estate market trends reflect that there have been 185 transactions over the past year in Petersburg. The median value for residential home transactions that occurred over the previous year is $223,963. The number of current listings in Petersburg is 530, and the percentage of properties for sale in the city is 530.00%. Petersburg, VA currently has 32 properties in foreclosure, 1 bank owned properties, 31 properties headed for auction, and 530 properties for sale.
Petersburg, VA Real Estate Market Overview
Housing Market Summary for Petersburg, VA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $225K | $240K | 6.67% |
| Median Sold Price | $87,881.5 | $183.5K | 108.75% |
| Homes For Sale | 466 | 521 | 11.80% |
| Homes Sold | 5 | 74 | 1380.00% |
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 Petersburg, VA
Browse Homes in Petersburg, VA
Petersburg home values range from $10,560 to $650,000. The median estimated value of a home in Petersburg is $223,963. The median list price of a home is 240,000, and the total count of properties in the city is 665.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Petersburg, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Petersburg, VA; of those 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 Petersburg, VA ranges from the highest value of $336,883 in 23803 to the lowest value of $157,866 in 23803. Bank owned homes and properties account for 0.15% of properties in Petersburg, VA. There are 2 zips within Petersburg, VA; 23803 containing 9 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions23803 has 34 auction properties, the highest number of properties going to auction in a single zip in the state of Petersburg, VA. Auction homes and other auction properties account for 4.66% of all properties in Petersburg, VA. There are 2 zips within Petersburg, VA; of those zips, the median estimated home value for homes going to auction ranges from $466,625 in 23805 to the lowest value of $10,560 in 23805.
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Guide for Petersburg, 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.
