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PENHOOK, VA 24137

Real Estate Market Report  ·  Franklin County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
21
⇧ 16.7% vs 18 last year
Pending
3
14% pending ratio
Median Price
$1,004,500
⇩ 1.3% vs $1,017,850 last year
Average Price
$1,489,461
⇧ 72.6% vs $863,119 last year
Days on Market
120
⇧ 155.3% vs 47 days last year

Market Context

Population: 2,773  ·  Density: 15.0/mi²  ·  Median household income: $64,295

Typical home value: $0  ·  Homeownership: 90.1%

Market Analysis

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

The PENHOOK, VA real estate market (24137) currently shows 21 active listings, with 3 pending sales. Homes are averaging 120 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 120 days on market compared to 47 days last year.

The median listing price has fallen 1.3% year-over-year, from $1,017,850 to $1,004,500.

Whether you are buying or selling in PENHOOK, 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: 21 this year vs 18 last year
  • Days on market: 120 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $1,004,500 (-1.3% YoY)
  • Average: $1,489,461 (+72.6% 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 23.0 miles — 380 listings ($156,065,103 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24137Penhook, VA 241370.0 mi21$31,278,681$1,004,500$1,489,461
24161Sandy Level, VA 241617.2 mi2$319,800$159,900$159,900
24139Pittsville, VA 2413911.5 mi9$4,246,200$457,450$471,800
24184Wirtz, VA 2418413.1 mi29$22,314,630$444,900$769,470
24549Dry Fork, VA 2454916.7 mi13$4,552,457$299,000$350,189
24104Huddleston, VA 2410417.2 mi47$26,382,087$435,000$561,321
24112Martinsville, VA 2411217.6 mi126$26,130,636$180,000$207,386
24557Gretna, VA 2455719.6 mi29$8,179,363$224,450$282,047
24078Collinsville, VA 2407820.0 mi21$4,456,326$161,400$212,206
24571Lynch Station, VA 2457121.0 mi15$7,801,095$439,950$520,073
24065Boones Mill, VA 2406521.6 mi14$7,881,608$549,925$562,972
24055Bassett, VA 2405522.1 mi40$9,666,920$189,900$241,673
24563Hurt, VA 2456323.0 mi14$2,855,300$199,900$203,950

Frequently Asked Questions

How many homes are for sale in PENHOOK, VA 24137?

As of January 2026, there are 21 active listings in PENHOOK, VA (zip code 24137), compared to 18 the prior year.

What is the median home price in PENHOOK, VA 24137?

The median listing price in PENHOOK, VA 24137 is $1,004,500 as of January 2026, a 1.3% decrease from $1,017,850 the prior year.

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

Homes in PENHOOK, VA 24137 spend an average of 120 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in PENHOOK, VA 24137?

Based on current inventory and days-on-market data as of January 2026, PENHOOK, VA 24137 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 120 days on market compared to 47 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PENHOOK, VA 24137 save an estimated $20,090 compared to a typical 5% commission on the median listing price of $1,004,500. 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.