Gloucester County, VA Real Estate Market Update Week of May 18, 2026 Published by Larry McKinney | Hogge Real Estate Inc. | 757-503-2544 | thegloucesterrealtor.com Data sourced from REIN MLS — updated every Monday
This Week's Numbers
Residential Active Listings: 114 Residential Average List Price: $504,384 Homes Sold (Recent): 148 at an average sale price of $413,168 Homes Under Contract (Pending): 64 at an average price of $399,251 Land and Lots Active: 37 at an average list price of $197,516 Land Pending: 14 parcels under contract
Larry's Read on This Week
The Gloucester County market is active right now — and it's good news for both buyers and sellers. With 114 residential listings active and 64 homes already under contract, there's real movement happening across all price points. Sellers are seeing strong interest, especially in the $400K range where most of the pending contracts are sitting. Buyers still have choices, but well-priced homes are not lasting long. If you've been waiting to list or waiting to buy, this week's data says the time to move is now — not next month.
What Buyers Should Know Right Now
64 homes are already under contract in Gloucester County — competition is real at every price point. The average sale price of $413,168 is well below the average list price of $504,384 — meaning there is room to negotiate on higher-priced homes. 37 active land parcels averaging $197,516 — if you're looking for acreage or a building lot, inventory is available right now. Get pre-approved before you start looking — homes priced right are moving fast.
What Sellers Should Know Right Now
27 expired listings in the county right now — all of them overpriced at launch. Pricing accurately from day one is everything. Average list price of $504,384 versus average sale price of $413,168 tells you the market is correcting overpriced listings. Price right and you sell. Overprice and you sit. 148 recent sales shows strong buyer demand — if your home is priced correctly and presented well, buyers are out there. Thinking about listing this summer? Call me now so we can price it right before it hits the market.
Land and Acreage This Week
Gloucester County currently has 37 active land and lot listings averaging $197,516. With 14 parcels already under contract, land buyers are active. If you've been thinking about purchasing acreage, a building lot, or a rural parcel in Gloucester or Mathews County — inventory is available but moving. I specialize in land sales and can help you evaluate perc tests, zoning, road access, and buildable potential before you make an offer.
Free Resources
Get a free market report for your neighborhood: thegloucesterrealtor.com/search/market_report_search/ Search all active listings in Gloucester County: thegloucesterrealtor.com/search/results/3/ Get a free home value estimate: thegloucesterrealtor.com/cma/property-valuation/ Call or text Larry directly: 757-503-2544
Data sourced from REIN MLS as of May 18, 2026 at 11:18 AM. All figures represent Gloucester County, VA residential and land segments. Information deemed reliable but not guaranteed. Larry McKinney is a licensed Virginia real estate agent with 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.