Petersburg, VA Housing Market Brief
county · VA · as of August 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 Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Petersburg, VA?
Our model forecasts Petersburg, VA’s home prices to rise about 8.9% over the next 12 months (medium confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Petersburg, VA housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $234K | ▲ +6.2% |
| Median Days on Market | 43 days | ▲ +48.3% |
| Months of Supply | 4.1 | ▲ +41.4% |
| Homes for Sale | 143 | ▲ +23.3% |
| Homes Sold | 36 | ▼ -14.3% |
| Median Price / Sq Ft | $165 | ▲ +2.4% |
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 August 2026, Petersburg, VA is classified as a Balanced Market, based on its Alpha Score of 48 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 $234K, having risen 6.2% 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 (84/100) and its weakest is Economic Strength (32/100). 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.