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PETERSBURG, VA 23803

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

Market Analysis

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

The PETERSBURG, VA real estate market (23803) currently shows 172 active listings, with 84 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 50 days on market compared to 47 days last year.

The median listing price has risen 5% year-over-year, from $249,925 to $262,500.

Whether you are buying or selling in PETERSBURG, 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: 41,913  ·  Density: 224.2/mi²  ·  Median household income: $53,876

Typical home value: $182,314  ·  Homeownership: 50.3%

Market Overview

Active Listings
172
⇧ 8.2% vs 159 last year
Pending
84
49% pending ratio
Median Price
$262,500
⇧ 5% vs $249,925 last year
Average Price
$270,595
⇧ 3.2% vs $262,269 last year
Days on Market
50
⇧ 6.4% vs 47 days last year

Price Per Square Foot

Median $/sqft
$183
⇧ 1.1% vs $181/sqft last year
Median Home Size
1,453 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 172 this year vs 159 last year
  • Days on market: 50 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $262,500 (+5% YoY)
  • Average: $270,595 (+3.2% 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 21.2 miles — 1,115 listings ($480,412,054 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23803Petersburg, VA 238030.0 mi179$48,114,126$259,725$268,794
23834Colonial Heights, VA 238346.9 mi71$23,347,924$324,950$328,844
23831Chester, VA 238319.3 mi103$46,260,081$412,463$449,127
23838Chesterfield, VA 2383811.1 mi69$47,495,598$692,906$688,342
23875Prince George, VA 2387512.3 mi29$11,681,113$343,490$402,797
23237Richmond, VA 2323713.2 mi68$25,681,016$358,000$377,662
23832Chesterfield, VA 2383214.1 mi161$77,538,244$449,975$481,604
23840Dewitt, VA 2384015.0 mi3$749,700$249,900$249,900
23234Richmond, VA 2323416.7 mi124$42,162,976$321,225$340,024
23112Midlothian, VA 2311218.6 mi196$107,038,540$479,775$546,115
23894Wilsons, VA 2389419.6 mi4$1,390,332$339,975$347,583
23882Stony Creek, VA 2388220.1 mi4$1,109,908$290,488$277,477
23114Midlothian, VA 2311421.2 mi104$47,842,496$450,916$460,024

Frequently Asked Questions

How many homes are for sale in PETERSBURG, VA 23803?

As of March 2026, there are 172 active listings in PETERSBURG, VA (zip code 23803), compared to 159 the prior year.

What is the median home price in PETERSBURG, VA 23803?

The median listing price in PETERSBURG, VA 23803 is $262,500 as of March 2026, a 5% increase from $249,925 the prior year.

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

Homes in PETERSBURG, VA 23803 spend an average of 50 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in PETERSBURG, VA 23803?

Based on current inventory and days-on-market data as of March 2026, PETERSBURG, VA 23803 is currently a Buyer's Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 50 days on market compared to 47 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PETERSBURG, VA 23803 save an estimated $5,250 compared to a typical 5% commission on the median listing price of $262,500. 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.