The Petersburg housing market is somewhat competitive. The median sale price of a home in Petersburg was $237K last month, up 21.5% since last year. The median sale price per square foot in Petersburg is $161, up 5.2% since last year.
What is the housing market like in Petersburg today?
In February 2025, Petersburg home prices were up 21.5% compared to last year, selling for a median price of $237K. On average, homes in Petersburg sell after 43 days on the market compared to 22 days last year. There were 25 homes sold in February this year, down from 27 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$237,000
+21.5% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Petersburg, VA
$237,000
+21.5%
United States
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How hot is the Petersburg housing market?
Petersburg is somewhat competitive. Homes sell in 63 days.
0
100
61
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 63 days.
Hot homes
can sell for about 1% above list price and go pending in around 13 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Petersburg housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Petersburg.
Flood Factor - Moderate
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Petersburg has a moderate risk of flooding. 1,639 properties in Petersburg are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Petersburg. Flood risk is increasing slower than the national average.
83% of properties are at risk of wildfire over the next 30 years
Fire Factor
Petersburg has a moderate risk of wildfire. There are 12,492 properties in Petersburg that have some risk of being affected by wildfire over the next 30 years. This represents 83% of all properties in Petersburg.
99% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Petersburg has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Petersburg is most at risk from hurricanes. 14,897 properties in Petersburg have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 83 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 102 mph.