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PENNINGTON GAP, VA 24277

Real Estate Market Report  ·  Lee County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The PENNINGTON GAP, VA real estate market (24277) currently shows 19 active listings, with 3 pending sales. Homes are averaging 127 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 127 days on market compared to 148 days last year.

The median listing price has fallen 34.2% year-over-year, from $197,450 to $129,975.

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 Context

Market Context

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

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

Market Overview

Active Listings
19
vs 19 last year
Pending
3
16% pending ratio
Median Price
$129,975
⇩ 34.2% vs $197,450 last year
Average Price
$149,569
⇩ 35.3% vs $231,236 last year
Days on Market
127
⇩ 14.2% vs 148 days last year

Price Per Square Foot

Median $/sqft
$88
⇩ 21.4% vs $112/sqft last year
Median Home Size
1,315 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 127 now vs 148 last year

Median & Average Pricing

Year over Year
  • Median: $129,975 (-34.2% YoY)
  • Average: $149,569 (-35.3% 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 22.6 miles — 197 listings ($80,417,880 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24277Pennington Gap, VA 242770.0 mi19$3,308,242$149,900$174,118
24243Dryden, VA 242436.5 mi3$712,350$237,450$237,450
24263Jonesville, VA 242638.6 mi16$5,389,104$227,500$336,819
37765Kyles Ford, TN 3776512.4 mi3$1,030,500$343,500$343,500
24244Duffield, VA 2424413.2 mi17$3,489,216$175,000$205,248
37731Eidson, TN 3773114.3 mi13$6,906,874$462,225$531,298
40865Putney, KY 4086515.5 mi1$29,000$29,000$29,000
40831Harlan, KY 4083116.9 mi8$2,382,200$244,675$297,775
24219Big Stone Gap, VA 2421917.1 mi31$9,326,908$240,500$300,868
37873Surgoinsville, TN 3787318.6 mi14$5,709,648$389,725$407,832
40854Loyall, KY 4085419.2 mi2$80,000$40,000$40,000
37869Sneedville, TN 3786920.1 mi36$26,522,604$299,225$736,739
37642Church Hill, TN 3764222.6 mi34$15,531,234$322,500$456,801

Frequently Asked Questions

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

As of March 2026, there are 19 active listings in PENNINGTON GAP, VA (zip code 24277), compared to 19 the prior year.

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

The median listing price in PENNINGTON GAP, VA 24277 is $129,975 as of March 2026, a 34.2% decrease from $197,450 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 127 days on the market before going under contract, compared to 148 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 March 2026, PENNINGTON GAP, VA 24277 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 127 days on market compared to 148 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 $2,600 compared to a typical 5% commission on the median listing price of $129,975. 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.