Hi neighbors — Larry McKinney here with Hogge Real Estate, bringing you this week's read on the Gloucester County, Virginia real estate market for June 2026. These numbers come straight from this morning's local MLS Inventory Counts Report — not guesswork.
The numbers, in plain English
As of this week, there are 101 single-family homes actively for sale in Gloucester County, with an average asking price of about $548,000. Another 70 homes are pending — already under contract with a buyer — and 162 homes have sold, closing at an average price of roughly $413,000.
Stop and look at that for a second: more homes have sold (162) than are currently for sale (101), with 70 more under contract right behind them. Demand is clearly outpacing supply, and when buyers absorb homes faster than new ones come on the market, sellers hold the upper hand.
You'll also notice a gap between the average asking price (about $548,000) and the average sold price (about $413,000). A big part of that is our high-end and waterfront listings pulling the asking average up. The takeaway is simple: homes priced right for their condition and location are the ones changing hands.
The market at a glance
What this means for buyers
With only 101 homes on the market and demand this strong, you need to be ready to move when the right one appears. Get your financing lined up before you start touring — a pre-approval letter is your best friend in a fast market. Don't let the seller's-market headlines scare you off, though. Homes that need a little work are where the real opportunities are, and that's exactly where my construction background pays off. I can walk a property with you and tell you what's cosmetic versus what's costly, so you don't overpay or get blindsided after closing.
What this means for sellers
This is your market. With 162 homes already sold and another 70 under contract against just 101 active listings, well-prepared Gloucester homes are finding buyers. The key word is prepared. Buyers in 2026 are paying solid prices, but they expect the home to be in good shape, and they're watching their budgets. Price it right for its condition, handle the small repairs that scare buyers off, and you'll likely see strong interest. I'll tell you honestly which fixes are worth doing before listing and which ones aren't — that's the advice you get working directly with an agent who's also been on the construction side.
A builder's eye on the numbers
Here's something the raw counts don't show: much of Gloucester's for-sale inventory is older, established homes, and there's limited new construction coming online to ease the squeeze. For buyers, that means an older home with good bones can be a smart buy if you know what you're looking at. For sellers of newer or well-maintained homes, your property stands out. Either way, knowing the condition of what's actually behind the walls matters more than ever — and that's where I spend my time when I walk a home with a client.
Waterfront and land
Gloucester's land market is active too: 37 lots are currently for sale (averaging about $180,000), 13 are under contract, and 41 have already sold — meaning more lots have sold than are currently listed. Land and waterfront move to their own beat here. These properties are scarce, they hold value, and they draw buyers from well outside our county, including military families relocating to the area. If you own waterfront or acreage and have wondered what it's worth in today's market, this is a great time to find out. Pricing it correctly takes local knowledge of our creeks, rivers, and shoreline, not a national algorithm.
The bottom line
Gloucester County is a strong seller's market in June 2026: homes selling faster than they're being listed, 70 more under contract, and tight inventory. Buyers can still win with preparation and the right guidance, and sellers are in a great position if they price and prep smartly. Whether you're buying, selling, or just curious what your home is worth, I'm happy to talk it through — no pressure, just honest local advice.
Call Larry McKinney at 757-503-2544 or visit thegloucesterrealtor.com. I'm an independent Gloucester agent — when you call, you work directly with me.
Source: CBAR MLS Inventory Counts Report, Gloucester County, VA, as of June 17, 2026. Figures are listing counts and average prices by status.
Want the current numbers anytime? See my always-updated Gloucester VA Real Estate Market Update page.