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MEHERRIN, VA 23954

Real Estate Market Report  ·  Prince Edward County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
8
⇧ 14.3% vs 7 last year
Pending
1
13% pending ratio
Median Price
$274,900
⇩ 20.7% vs $346,567 last year
Average Price
$274,900
⇩ 25.2% vs $367,293 last year
Days on Market
58
⇩ 29.3% vs 82 days last year

Market Context

Population: 2,462  ·  Density: 14.1/mi²  ·  Median household income: $72,870

Typical home value: $151,828  ·  Homeownership: 59.7%

Market Analysis

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

The MEHERRIN, VA real estate market (23954) currently shows 8 active listings, with 1 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 58 days on market compared to 82 days last year.

The median listing price has fallen 20.7% year-over-year, from $346,567 to $274,900.

Whether you are buying or selling in MEHERRIN, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 8 this year vs 7 last year
  • Days on market: 58 now vs 82 last year

Median & Average Pricing

Year over Year
  • Median: $274,900 (-20.7% YoY)
  • Average: $274,900 (-25.2% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 27.3 miles — 188 listings ($73,856,517 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23954Meherrin, VA 239540.0 mi8$2,199,200$274,900$274,900
23947Keysville, VA 239476.7 mi13$4,352,894$282,400$334,838
23974Victoria, VA 2397412.2 mi15$3,463,365$230,000$230,891
23934Cullen, VA 2393413.8 mi3$209,700$69,900$69,900
23923Charlotte Court House, VA 2392314.3 mi5$3,308,000$329,900$661,600
23901Farmville, VA 2390114.9 mi73$32,552,014$349,900$445,918
23960Prospect, VA 2396017.1 mi6$2,188,020$275,000$364,670
23967Saxe, VA 2396718.8 mi3$2,272,500$757,500$757,500
23924Chase City, VA 2392420.9 mi31$11,373,280$214,950$366,880
23959Phenix, VA 2395922.6 mi3$695,400$231,800$231,800
23938Dundas, VA 2393825.4 mi1$399,900$399,900$399,900
23964Red Oak, VA 2396426.6 mi1$575,000$575,000$575,000
23970South Hill, VA 2397027.3 mi26$10,267,244$324,900$394,894

Frequently Asked Questions

How many homes are for sale in MEHERRIN, VA 23954?

As of January 2026, there are 8 active listings in MEHERRIN, VA (zip code 23954), compared to 7 the prior year.

What is the median home price in MEHERRIN, VA 23954?

The median listing price in MEHERRIN, VA 23954 is $274,900 as of January 2026, a 20.7% decrease from $346,567 the prior year.

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

Homes in MEHERRIN, VA 23954 spend an average of 58 days on the market before going under contract, compared to 82 days the prior year.

Is it a seller's or buyer's market in MEHERRIN, VA 23954?

Based on current inventory and days-on-market data as of January 2026, MEHERRIN, VA 23954 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 58 days on market compared to 82 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MEHERRIN, VA 23954 save an estimated $5,498 compared to a typical 5% commission on the median listing price of $274,900. 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.