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DRAKES BRANCH, VA 23937

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

Market Analysis

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

The DRAKES BRANCH, VA real estate market (23937) currently shows 9 active listings, with 3 pending sales. Homes are averaging 64 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 selling faster, averaging 64 days on market compared to 101 days last year.

The median listing price has fallen 6.6% year-over-year, from $299,900 to $280,000.

Whether you are buying or selling in DRAKES BRANCH, 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: 2,007  ·  Density: 11.5/mi²  ·  Median household income: $37,430

Typical home value: $0  ·  Homeownership: 65.5%

Market Overview

Active Listings
9
⇩ 10% vs 10 last year
Pending
3
33% pending ratio
Median Price
$280,000
⇩ 6.6% vs $299,900 last year
Average Price
$472,450
⇧ 10.7% vs $426,725 last year
Days on Market
64
⇩ 36.6% vs 101 days last year

Price Per Square Foot

Median $/sqft
$184
⇩ 11.1% vs $207/sqft last year
Median Home Size
2,801 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 10 last year
  • Days on market: 64 now vs 101 last year

Median & Average Pricing

Year over Year
  • Median: $280,000 (-6.6% YoY)
  • Average: $472,450 (+10.7% 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 26.5 miles — 123 listings ($44,526,995 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23937Drakes Branch, VA 239370.0 mi8$4,176,936$337,450$522,117
23947Keysville, VA 239477.0 mi12$3,901,872$262,400$325,156
23923Charlotte Court House, VA 2392312.2 mi6$1,505,460$259,900$250,910
24534Clover, VA 2453414.2 mi1$194,000$194,000$194,000
23974Victoria, VA 2397415.5 mi12$3,125,700$233,500$260,475
23942Green Bay, VA 2394217.8 mi5$1,601,440$331,840$320,288
23959Phenix, VA 2395918.6 mi2$207,398$103,699$103,699
24528Brookneal, VA 2452821.5 mi17$4,960,719$239,975$291,807
24529Buffalo Junction, VA 2452923.1 mi10$5,414,730$457,500$541,473
23927Clarksville, VA 2392723.3 mi30$14,219,190$391,188$473,973
23922Burkeville, VA 2392223.6 mi4$1,424,632$353,650$356,158
24577Nathalie, VA 2457724.9 mi14$3,123,918$163,725$223,137
24580Nelson, VA 2458026.5 mi2$671,000$335,500$335,500

Frequently Asked Questions

How many homes are for sale in DRAKES BRANCH, VA 23937?

As of March 2026, there are 9 active listings in DRAKES BRANCH, VA (zip code 23937), compared to 10 the prior year.

What is the median home price in DRAKES BRANCH, VA 23937?

The median listing price in DRAKES BRANCH, VA 23937 is $280,000 as of March 2026, a 6.6% decrease from $299,900 the prior year.

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

Homes in DRAKES BRANCH, VA 23937 spend an average of 64 days on the market before going under contract, compared to 101 days the prior year.

Is it a seller's or buyer's market in DRAKES BRANCH, VA 23937?

Based on current inventory and days-on-market data as of March 2026, DRAKES BRANCH, VA 23937 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 64 days on market compared to 101 days last year.

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

With SELL123.com's maximum 3% commission, sellers in DRAKES BRANCH, VA 23937 save an estimated $5,600 compared to a typical 5% commission on the median listing price of $280,000. 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.