Petersburg, VA Foreclosures
How much do homes sell for in Petersburg, VA?
The average home price is currently $207,675.
In Petersburg, VA, how many homes are available?
There are currently 3 active home listings available in Petersburg.
What’s the average rental cost in Petersburg, VA?
The average rental price in Petersburg is $1,081.
What is the most expensive home in Petersburg?
The most expensive home sold in Petersburg had a price of $7,868,333.
What is currently the cheapest priced home in Petersburg, VA?
The cheapest home for sale in Petersburg is priced at $13,029.
Living in Petersburg, VA
Petersburg, VA is a vibrant city steeped in history, offering charming neighborhoods and a delightful community atmosphere. Nestled along the Appomattox River, it combines rustic beauty with urban conveniences, ensuring residents enjoy a high quality of life. With rich cultural offerings, great schools, and easy transportation access, Petersburg is a fantastic place to live and work.
Current Market Conditions in Petersburg, VA
Petersburg's real estate market is currently showing signs of stabilization after recent fluctuations. Homes are selling at a moderate pace, driven by an increase in demand from young couples and professionals. The range of properties available, from historic homes to new developments, caters to a diverse demographic, making it an appealing market for both buyers and investors.
As of now, the inventory of homes for sale is slightly increasing, suggesting potential buyers have more options to choose from, which could lead to a more balanced market. The average time on market for listings is around 45 days, indicating a competitive environment as interested buyers often act quickly.
Home Value Estimator For Petersburg, VA
There are currently 12,183 real estate properties
in Petersburg, VA,
with a median automated valuation model (AVM) price
of $196,209.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Petersburg, 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 Petersburg, VA,
is $207,675.00, with the most expensive house
in Petersburg, VA, topping out
at $7,868,333.00 and the cheapest home
in Petersburg, VA,
clocking in at $13,029.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Petersburg, VA!
Rent Prices
In Petersburg, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Petersburg, VA, is on
a rollercoaster ride. The
average rent price in Petersburg, VA,
is $1,081.00. Indeed, when looking to rent in
Petersburg, VA, you can expect to pay as little
as $600.00 or as much
as $3,360.00,
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 Petersburg, 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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