Phenix, VA Foreclosures
Current Market Conditions in in Phenix, VA As of March 2026?
Over the past month, the market in Phenix has shown consistent activity, with a slight uptick in new listings that cater to a range of budgets. Buyers are encouraged to act quickly, as homes that are priced right tend to sell within weeks. Increased interest from buyers looking for rural retreats has added to the competition in the local market.
How much do homes sell for in Phenix, VA?
The average home price is currently $180,731.
In Phenix, VA, how many homes are available?
There are currently 6 active home listings available in Phenix.
What’s the average rental cost in Phenix, VA?
The average rental price in Phenix is $1,099.
What is the most expensive home in Phenix?
The most expensive home sold in Phenix had a price of $972,671.
What is currently the cheapest priced home in Phenix, VA?
The cheapest home for sale in Phenix is priced at $16,267.
Living in Phenix, VA
Phenix, Virginia is a small town located in the heart of Campbell County. Known for its tranquil atmosphere and friendly community, Phenix offers residents a slower-paced lifestyle surrounded by stunning natural beauty. The area features charming homes, local parks, and a tight-knit community that makes it an ideal place for families and retirees alike.
Buyer vs Seller Market in Phenix, VA
The Phenix real estate market is relatively stable, with a steady demand for homes. Property prices have modestly increased over the past year, reflecting the area's appeal as an affordable living option while maintaining proximity to larger cities.
First-time homebuyers and retirees are a significant demographic in the market, looking for single-family homes and small parcels of land. The inventory remains limited, which can lead to competitive offers on desirable properties.
Home Value Estimator For Phenix, VA
There are currently 285 real estate properties
in Phenix, VA,
with a median automated valuation model (AVM) price
of $155,455.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Phenix, VA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Phenix, VA,
is $180,731.00, with the most expensive house
in Phenix, VA, topping out
at $972,671.00 and the cheapest home
in Phenix, VA,
clocking in at $16,267.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Phenix, VA!
Rent Prices
In Phenix, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Phenix, VA, is on
a rollercoaster ride. The
average rent price in Phenix, VA,
is $1,099.00. Indeed, when looking to rent in
Phenix, VA, you can expect to pay as little
as $570.00 or as much
as $2,040.00,
with the average rent median estimated to
be $1,040.00. The good news is that finding
an affordable and desirable property to rent in Phenix, VA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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