Gloucester VA Real Estate Market Update

June 1, 2026  |  Larry McKinney, Hogge Real Estate

 

109 Active Homes Avg list $530,554

79 Pending Sales Avg $396,392

146 Homes Sold Avg sale $416,678

27 Expired Avg ask $741,646

 

 

 

If you're wondering what's happening in the Gloucester County real estate market this June, you've come to the right place. I'm Larry McKinney with Hogge Real Estate, and every Monday I pull the latest numbers straight from the REIN MLS so buyers and sellers in Gloucester, VA have real data to make real decisions. Here's what the market looks like as of June 1, 2026.

The Numbers at a Glance

As of this morning, there are 109 active residential listings in Gloucester County with an average list price of $530,554. That inventory is moving — 79 homes are already under contract, and 146 have sold with an average sale price of $416,678. That's a 72% absorption rate relative to active inventory — a genuinely active market.

One number stands out: 27 listings expired without selling, and their average asking price was $741,646 — nearly 80% above what homes are actually closing at. Clear market signal: overpriced listings sit, and correctly priced homes sell.

The land and lots market is equally active: 39 parcels available, 32 recently sold, and 18 under contract — a healthy pipeline for anyone considering building or buying along the water.

What This Means for Buyers

With 109 homes on the market and 79 already under contract, competition is real. If you find a home priced right, don't wait. Average sale prices around $416,678 show there's genuine value in Gloucester County — especially compared to Northern Virginia or the Virginia Beach corridor. And if you have questions about a property's condition before making an offer, my construction background means I can walk through a home with you and give you a clear-eyed read on what you're getting into.

What This Means for Sellers

The data tells a simple story: price it right and it sells. The 27 expired listings averaged $741,646 — they sat until time ran out. The 146 homes that sold averaged $416,678. That $325,000 gap is the cost of wishful thinking. If you're considering listing, let's have an honest conversation about where your home fits in today's market. You'll get a straight answer, not just the number you want to hear.

A Word on Waterfront & Land

With 39 active lots and land parcels on the market — many along Gloucester's rivers, creeks, and the Mobjack Bay shoreline — this is one of the better entry points I've seen for buyers interested in waterfront or rural acreage. I specialize in waterfront and land transactions and know these parcels the way only a local who's walked them can. If you've been watching, now is a good time to talk.

Ready to buy, sell, or get the real numbers on Gloucester County real estate? Call or text Larry McKinney: 757-503-2544  |  thegloucesterrealtor.com Larry McKinney | Hogge Real Estate Inc. | 6800 Main St., Gloucester, VA 23061

Want the current numbers anytime? See my always-updated Gloucester VA Real Estate Market Update page.