Petersburg, VA Housing Market Brief
county · VA · as of May 2026
What is Petersburg, VA’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Petersburg, VA in its market cycle?
Petersburg, VA is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
Petersburg, VA housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $228K | ▼ -1.1% |
| Median Days on Market | 25 days | ▼ -35.9% |
| Months of Supply | 2.1 | ▲ +10.5% |
| Homes for Sale | 113 | ▲ +21.5% |
| Homes Sold | 54 | ▲ +12.5% |
| Median Price / Sq Ft | $151 | ▼ -9.1% |
| Sale-to-List Ratio | 99.6% | ▼ -0.3% |
How has Petersburg, VA’s Alpha Score moved?
Markets like Petersburg, VA
Frequently asked questions
Is Petersburg, VA a buyer's or seller's market?
As of May 2026, Petersburg, VA is classified as a Balanced Market, based on its Alpha Score of 46 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Petersburg, VA?
The median sale price in Petersburg, VA is $228K, having fallen 1.1% over the past year.
How affordable is Petersburg, VA?
Petersburg, VA scores 37 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other counties.
What's driving Petersburg, VA's Alpha Score?
Petersburg, VA's strongest dimension is Rental Yield (72/100) and its weakest is Affordability (37/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Petersburg, VA? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.