Real Estate Market Update for Petersburg, VA
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 15% from one year earlier, and down 9% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 130-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 16%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 140-thousand dollars. The number of units sold increased 37% year-over-year, and increased 27% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Petersburg, VA

Area Information for Petersburg, VA
  • Population: 32,770
  • Median Age: 39.65 yr
  • Median Commute Time: 23 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 1,441/sq mi
  • Population Change Since 2000: -2.86%
  • Closest Airport: Richmond International
  • Closest College: Virginia State University
  • Closest Jr. College: Richard Bland College
  • Median Household Income: $40,503
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $315,000
  • Closest Major Sports Team: Richmond Flying Squirrels (aaa)
  • Change Avg. Household Income Since 2000: 42.76%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Petersburg, VA
Median Age: 39.65 Married: 20% Number of Households: 13,878 Households with Children: 2,819
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Petersburg, VA

      School Name Distance Type Grades School Rating
      Vernon Johns Middle School 0.1 mi Public 6-8 0
      Petersburg High School 0.3 mi Public 9-12 0
      Walnut Hill Elementary School 1.2 mi Public K-5 1
      Cool Spring Elementary School 1.7 mi Public K-5 0
      Poplar Springs Education Programs 1.9 mi Private 6-12 0
      Westview Early Childhood Edu Ctr 2.2 mi Public PRESCHOOL-PRESCHOOL 0
      Brec Academy 2.3 mi Private K-12 0
      Petersburg Regional Alternative Education Program 2.3 mi Public 6-12 0
      Pleasants Lane Elementary School 2.8 mi Public K-5 0
      Appomattox Regional Gov School 2.9 mi Public 9-12 0
      Shalom Homes Youthbuild 2.9 mi Public 10- 0
      St. Joseph School 3.0 mi Catholic K-8 0
      Lakemont Elementary School 3.6 mi Public K-5 0
      Ettrick Elementary School 4.0 mi Public PRESCHOOL-5 1
      Matoaca Elementary School 6.0 mi Public PRESCHOOL-5 1
      Matoaca Middle School West 6.2 mi Public 6-8 1
      Matoaca Middle School East 6.2 mi Public 6-8 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Petersburg, VA
        Data powered by Attom Data Solutions. Copyright© 2022. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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