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PENN LAIRD, VA 22846

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The PENN LAIRD, VA real estate market (22846) currently shows 20 active listings, with 12 pending sales. Homes are averaging 131 days on the market before going under contract.

Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 131 days on market compared to 37 days last year.

The median listing price has fallen 8.6% year-over-year, from $614,450 to $561,395.

Whether you are buying or selling in PENN LAIRD, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 1,853  ·  Density: 64.3/mi²  ·  Median household income: $85,833

Typical home value: $427,604  ·  Homeownership: 88.2%

Market Overview

Active Listings
20
⇧ 900% vs 2 last year
Pending
12
60% pending ratio
Median Price
$561,395
⇩ 8.6% vs $614,450 last year
Average Price
$595,433
⇩ 3.1% vs $614,450 last year
Days on Market
131
⇧ 254.1% vs 37 days last year

Price Per Square Foot

Median $/sqft
$188
⇩ 5.1% vs $198/sqft last year
Median Home Size
2,955 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 2 last year
  • Days on market: 131 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $561,395 (-8.6% YoY)
  • Average: $595,433 (-3.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.3 miles — 281 listings ($131,780,498 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
22846Penn Laird, VA 228460.0 mi23$14,117,423$556,540$613,801
22801Harrisonburg, VA 228014.9 mi98$49,230,692$449,475$502,354
24471Port Republic, VA 244715.5 mi3$1,089,600$363,200$363,200
22802Harrisonburg, VA 228028.5 mi48$15,446,352$272,450$321,799
24486Weyers Cave, VA 244869.9 mi6$3,017,724$391,875$502,954
22834Linville, VA 2283412.2 mi1$1,289,000$1,289,000$1,289,000
22812Bridgewater, VA 2281213.3 mi19$9,113,236$384,425$479,644
24437Fort Defiance, VA 2443714.4 mi2$1,290,000$645,000$645,000
22935Dyke, VA 2293515.7 mi4$5,590,000$1,485,000$1,397,500
22940Free Union, VA 2294016.5 mi1$650,000$650,000$650,000
22815Broadway, VA 2281517.1 mi24$12,451,824$389,000$518,826
22973Stanardsville, VA 2297317.9 mi23$8,901,621$349,900$387,027
22851Stanley, VA 2285119.3 mi29$9,593,026$307,413$330,794

Frequently Asked Questions

How many homes are for sale in PENN LAIRD, VA 22846?

As of March 2026, there are 20 active listings in PENN LAIRD, VA (zip code 22846), compared to 2 the prior year.

What is the median home price in PENN LAIRD, VA 22846?

The median listing price in PENN LAIRD, VA 22846 is $561,395 as of March 2026, a 8.6% decrease from $614,450 the prior year.

How long do homes stay on the market in PENN LAIRD, VA?

Homes in PENN LAIRD, VA 22846 spend an average of 131 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in PENN LAIRD, VA 22846?

Based on current inventory and days-on-market data as of March 2026, PENN LAIRD, VA 22846 is currently a Buyer's Market. Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 131 days on market compared to 37 days last year.

How much can I save on real estate commission in PENN LAIRD, VA?

With SELL123.com's maximum 3% commission, sellers in PENN LAIRD, VA 22846 save an estimated $11,228 compared to a typical 5% commission on the median listing price of $561,395. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.