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RICE, VA 23966

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

Market Analysis

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

The RICE, VA real estate market (23966) currently shows 4 active listings, with 3 pending sales. Homes are averaging 14 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 14 days on market compared to 46 days last year.

The median listing price has fallen 42.2% year-over-year, from $384,000 to $221,875.

Whether you are buying or selling in RICE, 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: 1,955  ·  Density: 12.7/mi²  ·  Median household income: $61,625

Typical home value: $203,745  ·  Homeownership: 75.1%

Market Overview

Active Listings
4
⇩ 33.3% vs 6 last year
Pending
3
75% pending ratio
Median Price
$221,875
⇩ 42.2% vs $384,000 last year
Average Price
$221,875
⇩ 56.5% vs $510,433 last year
Days on Market
14
⇩ 69.6% vs 46 days last year

Price Per Square Foot

Median $/sqft
$168
⇩ 30% vs $240/sqft last year
Median Home Size
1,345 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 6 last year
  • Days on market: 14 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $221,875 (-42.2% YoY)
  • Average: $221,875 (-56.5% 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 28.0 miles — 95 listings ($40,437,561 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23966Rice, VA 239660.0 mi4$1,500,000$375,000$375,000
23922Burkeville, VA 239228.5 mi4$1,424,632$353,650$356,158
23942Green Bay, VA 2394211.1 mi5$1,601,440$331,840$320,288
23954Meherrin, VA 2395414.1 mi8$2,212,976$264,900$276,622
23960Prospect, VA 2396015.7 mi4$1,317,800$329,450$329,450
23936Dillwyn, VA 2393619.7 mi17$14,862,114$352,425$874,242
23934Cullen, VA 2393420.8 mi2$171,400$85,700$85,700
23974Victoria, VA 2397422.1 mi12$3,125,700$233,500$260,475
23923Charlotte Court House, VA 2392324.7 mi6$1,505,460$259,900$250,910
23027Cartersville, VA 2302725.7 mi7$3,537,695$459,975$505,385
23894Wilsons, VA 2389427.0 mi4$1,390,332$339,975$347,583
23944Kenbridge, VA 2394427.8 mi18$5,000,256$220,725$277,792
23004Arvonia, VA 2300428.0 mi4$2,787,756$425,000$696,939

Frequently Asked Questions

How many homes are for sale in RICE, VA 23966?

As of March 2026, there are 4 active listings in RICE, VA (zip code 23966), compared to 6 the prior year.

What is the median home price in RICE, VA 23966?

The median listing price in RICE, VA 23966 is $221,875 as of March 2026, a 42.2% decrease from $384,000 the prior year.

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

Homes in RICE, VA 23966 spend an average of 14 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in RICE, VA 23966?

Based on current inventory and days-on-market data as of March 2026, RICE, VA 23966 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 14 days on market compared to 46 days last year.

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

With SELL123.com's maximum 3% commission, sellers in RICE, VA 23966 save an estimated $4,438 compared to a typical 5% commission on the median listing price of $221,875. 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.