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PENNINGTON GAP, VA 24277

Real Estate Market Report  ·  Lee County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
16
⇩ 5.9% vs 17 last year
Pending
1
6% pending ratio
Median Price
$154,250
⇩ 18.8% vs $189,900 last year
Average Price
$171,464
⇩ 26.7% vs $233,913 last year
Days on Market
126
⇩ 20.8% vs 159 days last year

Market Context

Population: 6,342  ·  Density: 46.0/mi²  ·  Median household income: $33,155

Typical home value: $79,602  ·  Homeownership: 59.9%

Market Analysis

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

The PENNINGTON GAP, VA real estate market (24277) currently shows 16 active listings, with 1 pending sales. Homes are averaging 126 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 126 days on market compared to 159 days last year.

The median listing price has fallen 18.8% year-over-year, from $189,900 to $154,250.

Whether you are buying or selling in PENNINGTON GAP, 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: 16 this year vs 17 last year
  • Days on market: 126 now vs 159 last year

Median & Average Pricing

Year over Year
  • Median: $154,250 (-18.8% YoY)
  • Average: $171,464 (-26.7% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.2 miles — 131 listings ($37,401,283 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24277Pennington Gap, VA 242770.0 mi16$2,743,424$154,250$171,464
24243Dryden, VA 242436.5 mi3$712,350$237,450$237,450
24263Jonesville, VA 242638.6 mi15$5,041,995$230,000$336,133
37765Kyles Ford, TN 3776512.4 mi3$1,030,500$343,500$343,500
24244Duffield, VA 2424413.2 mi16$3,167,664$175,000$197,979
37731Eidson, TN 3773114.3 mi11$5,700,596$498,000$518,236
40865Putney, KY 4086515.5 mi1$32,000$32,000$32,000
40831Harlan, KY 4083116.9 mi9$2,375,550$207,900$263,950
24219Big Stone Gap, VA 2421917.1 mi32$8,925,088$220,000$278,909
37873Surgoinsville, TN 3787318.6 mi15$6,248,715$380,000$416,581
40854Loyall, KY 4085419.2 mi2$108,800$54,400$54,400
40810Bledsoe, KY 4081019.7 mi1$269,900$269,900$269,900
40873Wallins Creek, KY 4087321.2 mi7$1,044,701$149,900$149,243

Frequently Asked Questions

How many homes are for sale in PENNINGTON GAP, VA 24277?

As of January 2026, there are 16 active listings in PENNINGTON GAP, VA (zip code 24277), compared to 17 the prior year.

What is the median home price in PENNINGTON GAP, VA 24277?

The median listing price in PENNINGTON GAP, VA 24277 is $154,250 as of January 2026, a 18.8% decrease from $189,900 the prior year.

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

Homes in PENNINGTON GAP, VA 24277 spend an average of 126 days on the market before going under contract, compared to 159 days the prior year.

Is it a seller's or buyer's market in PENNINGTON GAP, VA 24277?

Based on current inventory and days-on-market data as of January 2026, PENNINGTON GAP, VA 24277 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 126 days on market compared to 159 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PENNINGTON GAP, VA 24277 save an estimated $3,085 compared to a typical 5% commission on the median listing price of $154,250. 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.