Are home prices going up or down in Petersburg, VA?
In Petersburg, VA, the typical home sold for $227,500 during May 2026 — about the same as a year ago. Prices are flat, not rising or falling.
Over the last 36 months the typical sale price in Petersburg, VA went from $192,000 to $227,500 — up 18%.
The high point was $261,000, reached in December 2025. Today's typical sale is 13% below that.
Measured by size, homes in Petersburg, VA are selling for about $151 per square foot. Price per square foot is the fairer comparison when the mix of what sells shifts from month to month — a run of big houses can push the typical price up without anything actually getting more expensive.
Source: Redfin's published market data for the Petersburg, VA area, through May 2026.
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More about the Petersburg, VA market
- When is the best month to sell a house in Petersburg, VA?
- How long does it take to sell a house in Petersburg, VA?
- Do homes sell above asking price in Petersburg, VA?
- Is Petersburg, VA a buyer's market or a seller's market?
- Are sellers cutting prices in Petersburg, VA?
- Is the housing market slowing down in Petersburg, VA?
- What is the average home price in Petersburg, VA?
- How many homes are for sale in Petersburg, VA?
- All Petersburg, VA housing numbers
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Figures come from Redfin's published market data for the Petersburg, VA area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.