Long Island, VA Foreclosures
Current Market Conditions in in Long Island, VA As of March 2026?
In the past month, Long Island's real estate market has experienced an uptick in activity, with several properties receiving multiple offers and selling above list price. The increase in demand can be attributed to seasonal trends, with more buyers eager to find their ideal summer retreat. During this period, inventory levels have remained low, prompting quicker sales and intensifying competition among prospective buyers.
How much do homes sell for in Long Island, VA?
The average home price is currently $222,101.
What’s the average rental cost in Long Island, VA?
The average rental price in Long Island is $1,032.
What is the most expensive home in Long Island?
The most expensive home sold in Long Island had a price of $1,374,844.
What is currently the cheapest priced home in Long Island, VA?
The cheapest home for sale in Long Island is priced at $18,910.
Living in Long Island, VA
Long Island, VA, offers a picturesque and peaceful lifestyle characterized by its natural beauty and close-knit community. Residents enjoy various outdoor activities like fishing and hiking along the John H. Kerr Reservoir. With charming local amenities and easy access to larger towns, Long Island is perfect for families and retirees seeking tranquility.
Buyer vs Seller Market in Long Island, VA
The real estate market in Long Island, VA, has shown a steady trend of growth over the past year, with an increasing demand for homes as more people seek out serene living environments. Properties in this area tend to sell quickly, especially those near the waterfront, making it a competitive market for buyers.
Recent data indicates that home prices in Long Island have risen steadily, with particular interest in waterfront properties driving demand. The market is characterized by a mix of single-family homes and investment properties, appealing to both families and seasonal residents.
Home Value Estimator For Long Island, VA
There are currently 402 real estate properties
in Long Island, VA,
with a median automated valuation model (AVM) price
of $167,886.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Long Island, 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 Long Island, VA,
is $222,101.00, with the most expensive house
in Long Island, VA, topping out
at $1,374,844.00 and the cheapest home
in Long Island, VA,
clocking in at $18,910.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Long Island, VA!
Rent Prices
In Long Island, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Long Island, VA, is on
a rollercoaster ride. The
average rent price in Long Island, VA,
is $1,032.00. Indeed, when looking to rent in
Long Island, VA, you can expect to pay as little
as $550.00 or as much
as $2,060.00,
with the average rent median estimated to
be $970.00. The good news is that finding
an affordable and desirable property to rent in Long Island, 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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