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PROSPECT, VA 23960

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

Market Overview

Active Listings
6
vs 6 last year
Pending
2
33% pending ratio
Median Price
$275,000
vs $275,000 last year
Average Price
$364,670
⇧ 39.4% vs $261,666 last year
Days on Market
83
⇩ 34.1% vs 126 days last year

Market Context

Population: 1,788  ·  Density: 16.2/mi²  ·  Median household income: $68,125

Typical home value: $167,273  ·  Homeownership: 76.7%

Market Analysis

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

The PROSPECT, VA real estate market (23960) currently shows 6 active listings, with 2 pending sales. Homes are averaging 83 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 83 days on market compared to 126 days last year.

The median listing price has fallen 0% year-over-year, from $275,000 to $275,000.

Whether you are buying or selling in PROSPECT, 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
  • Days on market: 83 now vs 126 last year

Median & Average Pricing

Year over Year
  • Median: $275,000 (+0% YoY)
  • Average: $364,670 (+39.4% 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 27.2 miles — 195 listings ($87,818,676 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23960Prospect, VA 239600.0 mi6$2,188,020$275,000$364,670
23901Farmville, VA 239018.0 mi73$32,552,014$349,900$445,918
24522Appomattox, VA 2452213.1 mi44$16,951,484$331,200$385,261
23966Rice, VA 2396615.7 mi2$599,900$299,950$299,950
23954Meherrin, VA 2395417.1 mi8$2,199,200$274,900$274,900
23921Buckingham, VA 2392119.3 mi13$5,760,066$359,900$443,082
23959Phenix, VA 2395919.6 mi3$695,400$231,800$231,800
23922Burkeville, VA 2392221.2 mi3$1,042,200$347,400$347,400
23040Cumberland, VA 2304021.6 mi23$12,302,539$369,725$534,893
24599Wingina, VA 2459923.8 mi3$5,294,901$1,949,950$1,764,967
23083Jetersville, VA 2308324.6 mi7$2,358,762$387,450$336,966
23004Arvonia, VA 2300426.7 mi5$3,824,940$425,000$764,988
24562Howardsville, VA 2456227.2 mi5$2,049,250$432,450$409,850

Frequently Asked Questions

How many homes are for sale in PROSPECT, VA 23960?

As of January 2026, there are 6 active listings in PROSPECT, VA (zip code 23960), compared to 6 the prior year.

What is the median home price in PROSPECT, VA 23960?

The median listing price in PROSPECT, VA 23960 is $275,000 as of January 2026, a 0% increase from $275,000 the prior year.

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

Homes in PROSPECT, VA 23960 spend an average of 83 days on the market before going under contract, compared to 126 days the prior year.

Is it a seller's or buyer's market in PROSPECT, VA 23960?

Based on current inventory and days-on-market data as of January 2026, PROSPECT, VA 23960 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 83 days on market compared to 126 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PROSPECT, VA 23960 save an estimated $5,500 compared to a typical 5% commission on the median listing price of $275,000. 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.