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SPRING GROVE, VA 23881

Real Estate Market Report  ·  Surry County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The SPRING GROVE, VA real estate market (23881) currently shows 5 active listings, with 1 pending sales. Homes are averaging 188 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 188 days on market compared to 48 days last year.

The median listing price has risen 4.7% year-over-year, from $479,898 to $502,500.

Whether you are buying or selling in SPRING GROVE, 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: 2,315  ·  Density: 8.2/mi²  ·  Median household income: $60,469

Typical home value: $260,915  ·  Homeownership: 77.1%

Market Overview

Active Listings
5
⇩ 16.7% vs 6 last year
Pending
1
20% pending ratio
Median Price
$502,500
⇧ 4.7% vs $479,898 last year
Average Price
$550,711
⇧ 4.3% vs $527,940 last year
Days on Market
188
⇧ 291.7% vs 48 days last year

Price Per Square Foot

Median $/sqft
$274
⇧ 10.5% vs $248/sqft last year
Median Home Size
1,827 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 6 last year
  • Days on market: 188 now vs 48 last year

Median & Average Pricing

Year over Year
  • Median: $502,500 (+4.7% YoY)
  • Average: $550,711 (+4.3% 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 25.1 miles — 507 listings ($274,087,138 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23881Spring Grove, VA 238810.0 mi4$2,108,912$463,475$527,228
23839Dendron, VA 238398.1 mi7$3,056,403$449,900$436,629
23846Elberon, VA 2384612.5 mi2$380,000$190,000$190,000
23883Surry, VA 2388313.8 mi8$3,982,272$399,000$497,784
23890Waverly, VA 2389014.7 mi14$4,329,220$217,675$309,230
23168Toano, VA 2316816.3 mi37$25,598,376$588,709$691,848
23188Williamsburg, VA 2318816.5 mi196$124,630,324$539,975$635,869
23140Providence Forge, VA 2314017.4 mi54$35,788,176$687,438$662,744
23089Lanexa, VA 2308920.1 mi18$12,030,498$656,925$668,361
23836Chester, VA 2383622.0 mi45$23,388,345$510,000$519,741
23805Petersburg, VA 2380523.0 mi48$14,470,224$304,713$301,463
23834Colonial Heights, VA 2383423.8 mi71$23,347,924$324,950$328,844
23878Sedley, VA 2387825.1 mi3$976,464$332,475$325,488

Frequently Asked Questions

How many homes are for sale in SPRING GROVE, VA 23881?

As of March 2026, there are 5 active listings in SPRING GROVE, VA (zip code 23881), compared to 6 the prior year.

What is the median home price in SPRING GROVE, VA 23881?

The median listing price in SPRING GROVE, VA 23881 is $502,500 as of March 2026, a 4.7% increase from $479,898 the prior year.

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

Homes in SPRING GROVE, VA 23881 spend an average of 188 days on the market before going under contract, compared to 48 days the prior year.

Is it a seller's or buyer's market in SPRING GROVE, VA 23881?

Based on current inventory and days-on-market data as of March 2026, SPRING GROVE, VA 23881 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 188 days on market compared to 48 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SPRING GROVE, VA 23881 save an estimated $10,050 compared to a typical 5% commission on the median listing price of $502,500. 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.