ZIP 23803 (Petersburg, VA) Housing Market & Real Estate Update — February 23, 2026
23803 – February 23, 2026 – ZIP 23803 (Petersburg, VA): Dec median sold ~$265K, listings ~158, rents ~$1,497, and 30-yr rates eased near 6.01%.
Top takeaways
- Latest tracker data (Dec 2025) shows ZIP 23803 sale prices running in the mid-$260Ks with year-over-year gains, even as time-to-sell varies by source.
- Inventory looks fairly steady, giving buyers more choices than a true seller-only market, but well-priced homes can still move fast.
- Rents are trending higher year over year, and national mortgage rates eased again in the most recent weekly survey.
Market snapshot: ZIP 23803 (Petersburg, Virginia)
Redfin’s ZIP-level trend page shows a median sale price of about $265,000 for December 2025 (up 17.8% year over year). It also reports homes selling in roughly 33 days on median, with 132 homes sold that month.
Realtor.com’s market dashboard for the same reporting period puts the median home value around $262,450 (up 5% year over year) with about 158 active listings. Realtor.com also shows 71 average days on market, a reminder that condition, pricing, and financing terms are doing a lot of the work this winter.
Rates & affordability watch
Freddie Mac’s Primary Mortgage Market Survey (PMMS) showed the 30-year fixed rate averaging 6.01% as of February 19, 2026 (down from the prior week). For buyers in 23803, even small rate moves can change the monthly payment enough to affect which price tiers feel workable—so it’s worth re-running the numbers before you tour.
What’s for sale nearby (no addresses)
On the major portals, ZIP 23803 currently shows a broad mix of inventory—from smaller single-family homes and updated mid-century stock to occasional multifamily options and a handful of higher-end properties. Realtor.com’s active-search page lists 200+ homes for sale in the ZIP, with a median list price around $249,950 and homes spending roughly 75 days on market on average.
Quick scan ideas if you’re hunting this week:
- First-time buyer range: filter for homes under the mid-$200Ks and watch for price reductions on longer-market listings.
- Value-add plays: look for properties that need cosmetic work (paint, flooring, minor repairs) where the spread vs. renovated comps is clearer.
- Rentals: Realtor.com shows dozens of rentals in 23803 with a median rent around $1,497/month, which can be useful for investors stress-testing cash flow.
ServiceXTC local pros
We’re still building out verified ServiceXTC directory coverage for ZIP 23803. If you’re lining up a purchase or prepping a listing, common near-term needs include a home inspector, roofer, electrician, plumber, HVAC contractor, and a handyman for punch-list work.
Sources
- Redfin: ZIP 23803 housing market tracker
- Realtor.com: ZIP 23803 market dashboard and search results
- Zillow: 23803 homes-for-sale search page
- Freddie Mac: PMMS weekly mortgage rate averages
What are you seeing right now in 23803—more price cuts, multiple offers, or buyers taking their time?