Pearisburg VA Housing Market & Real Estate Update (March 2, 2026)
Pearisburg, VA – March 2, 2026 – Inventory is still thin. Median list price is about $232K, and national 30-year mortgage rates slipped to 5.98%.
Top takeaways
- Median list price is about $232K, with roughly 15 active listings on major portals.
- Typical time on market is around 50 days, which can give buyers time to compare options.
- Recent trend snapshots show very light closed-sale volume, so one transaction can swing local averages.
- Freddie Mac’s weekly 30-year fixed average was 5.98% (Feb. 26 release).
Market snapshot
Portal data for Pearisburg points to a small, fast-changing pool of homes and land. List prices tend to cluster in the low-to-mid $200Ks, while recent sales-trend snapshots point to a $250K sale price with limited transactions reported. With thin inventory and light sales volume, tracking new listings and price changes matters as much as headline averages.
What’s for sale right now
Recent examples include a 3-bedroom home listed near $199K, an 8.8-acre parcel around $25K, and a new-construction 3-bedroom home around $330K. Treat these as rough comps only and verify property condition, utilities, and any HOA or road-maintenance details before making an offer.
Rates to watch
Freddie Mac also reported a 15-year fixed average of 5.44% (week ending Feb. 26). When comparing lenders, weigh rate-lock options and total closing costs, not just the headline rate.