ZIP 23860 Housing Market & Real Estate Update (Hopewell, VA) — February 22, 2026
23860 – February 22, 2026 – ZIP 23860 (Hopewell, VA) shows steady prices, modest inventory, and about a month to contract per Zillow and Redfin.
Top takeaways
- Prices look steady to slightly higher year-over-year across major trackers, with recent medians clustering in the mid-$200Ks.
- Homes are still moving in roughly a month to contract on some dashboards, but inventory and days-on-market vary by source and month.
- Rent levels remain a key pressure point for would-be buyers, with ZIP-level trackers putting typical rents around the mid-$1,000s.
- With limited supply, sellers still have leverage on well-kept homes, while buyers may find negotiation room on listings that sit.
ZIP 23860 market snapshot (Hopewell, VA)
Zillow’s ZIP-level dashboard puts the typical home value in 23860 at $225,839 (data through Jan. 31, 2026). It also shows about 93 homes in for-sale inventory and a median 33 days to pending, which is a useful proxy for how quickly listings find a buyer and get under contract.
Redfin’s January 2026 snapshot shows a median sale price of $256,000 (+3.4% year-over-year), a median $165 per square foot, and a median 35 days on market. Redfin also reports 93 homes sold in January, up from 86 a year earlier, suggesting demand is still healthy even with affordability headwinds.
It’s normal for dashboards to disagree on counts. For example, Realtor.com’s ZIP overview (its page reflects an Oct. 2025 reporting period) lists 168 homes for sale and about 45 rentals, plus a median home price around $260,000 and a median rent around $1,599. Realtor.com also shows a sale-to-list ratio near 100% and a median 54 days on market for that period, which generally aligns with a seller-leaning environment.
How to use this (buyers vs. sellers)
Buyers: watch two signals: (1) days-on-market moving up and (2) price cuts becoming more common. Those tend to show up before you see big shifts in closed-sale prices. If you are stretching on payment, small rate moves matter; consider comparing the monthly payment impact of a 0.25% change before you bid.
Sellers: if you want top dollar, the market is still rewarding clean, updated, and correctly priced homes. If your home is unique (larger lot, workshop, or multi-gen layout), expect a smaller buyer pool and plan for a longer marketing runway.
What’s for sale nearby (no addresses)
On current portal results for 23860, the most common options are single-family homes in the low-to-mid $200Ks with 3–4 bedrooms, with some listings pushing higher when you filter for larger square footage or more recent renovations. A practical tactic is to save searches at a few price points (for example: under $250K, $250K–$325K, and $325K+) and track how many listings are new, how many show price reductions, and how quickly the best ones go pending.
Sources
Market snapshots referenced: Zillow home values for 23860, Redfin 23860 housing market trends, and Realtor.com ZIP 23860 market overview.
What are you seeing right now in ZIP 23860: more new listings hitting the market, or fewer homes worth touring?