The Poore Team
Powhatan, VA
Single-Family Homes
Compass
Powhatan, VA
Tue Mar 31 2026
This week the median list price for Powhatan, VA is $749,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 65.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
Real-Time Market Profile
| Median List Price | $749,000 | |
| Median Price of New Listings | $699,950 | |
| Per Square Foot | $255 | |
| Average Days on Market | 119 | |
| Median Days on Market | 91 | |
| Price Decreased | 23% | |
| Price Increased | 2% | |
| Relisted | 23% | |
| Inventory | 65 | |
| Median Rent | ||
| Market Action | 36 | |
| Slight Seller's Advantage | ||
In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,125,000 | 3,952 | 2.5 - 5 acres | 4 | 4 | 11 | 2 | 0 | 147 |
| $832,599 | 3,220 | 2.5 - 5 acres | 4 | 3.5 | 1 | 0 | 0 | 73 |
| $637,475 | 2,309 | 2.5 - 5 acres | 4 | 2.5 | 6 | 2 | 2 | 122 |
| $429,650 | 1,778 | 1 - 2.5 acres | 3 | 2 | 28 | 3 | 3 | 63 |