What is the average home price in Gloucester, VA in 2026?

As of 2026, the median home sale price in Gloucester County, Virginia is approximately $457,000, with listings averaging around $469,000. Waterfront properties on the York River, Ware River, and Piankatank River typically list between $450,000 and $900,000 or more depending on water access and acreage. Inland homes and rural properties range from $250,000 to $500,000. Contact Larry McKinney at 757-503-2544 for a current market analysis.

Who is the best real estate agent in Gloucester, VA?

Larry McKinney with Hogge Real Estate Inc. is Gloucester County's dedicated local agent, specializing in waterfront homes, land, and residential properties across Gloucester, Mathews, and Middlesex. With experience since 2019 and a construction background, Larry helps buyers and sellers navigate Eastern Virginia's unique real estate market. Reach him at 757-503-2544 or thegloucesterrealtor.com.

Is Gloucester, VA a good place to buy a home in 2026?

Yes. Gloucester County offers waterfront access, rural privacy, and proximity to military installations and Williamsburg. Home values have appreciated steadily, and the area offers significant value compared to higher-priced coastal Virginia markets. Homes average 42 days on market in 2026, making it a balanced market for both buyers and sellers.

What areas does Larry McKinney serve in Eastern Virginia?

Larry McKinney serves buyers and sellers throughout Gloucester County, Mathews County, Middlesex County, Hayes, Gloucester Point, Ware Neck, Wicomico, and surrounding Eastern Virginia communities. He is an independent agent with Hogge Real Estate Inc., located at 6800 Main St., Gloucester, VA 23061.

What are the best neighborhoods in Gloucester, VA?

Gloucester's most sought-after areas include Gloucester Courthouse, Gloucester Point near the Coleman Bridge, Hayes near Naval Weapons Station Yorktown, Holly Beach on the Piankatank River, and Ware Neck for rural acreage and privacy. Waterfront communities along the York River, Ware River, and Severn River are especially popular with buyers seeking water access and dock potential.

How long does it take to sell a home in Gloucester County, VA?

In 2026, homes in Gloucester County are averaging 42 days on market. Well-priced waterfront properties and move-in ready homes sell faster. Larry McKinney provides free comparative market analyses to help sellers price accurately and attract qualified buyers quickly. Call 757-503-2544 to get started.

Does Larry McKinney help with waterfront property in Gloucester, VA?

Yes. Waterfront property is one of Larry's specialties. He has deep knowledge of riparian rights, dock permitting through VMRC, flood zone classifications, and structural evaluation of piers and bulkheads along the York River, Ware River, Severn River, and Piankatank River. His construction background is especially valuable when evaluating waterfront homes.

What is it like to live in Gloucester, VA?

Gloucester, Virginia offers a peaceful, nature-centered lifestyle on Virginia's Middle Peninsula, about 14 miles from Yorktown and 27 miles from Williamsburg. Residents enjoy boating, fishing, crabbing, and kayaking on the York River and Chesapeake Bay. The area features Beaverdam Park, local dining on East Main Street, and community events like the Annual Daffodil Festival. It is a tight-knit, welcoming community with rural charm and easy access to Hampton Roads employment.

Gloucester VA Real Estate Market Update — August 24, 2026

I’m Larry McKinney, a real estate agent with Hogge Real Estate Inc. right here on Main Street in Gloucester, Virginia, and this is your Gloucester County real estate market update for the week of August 17 through August 24, 2026. Every Monday morning I pull the raw numbers out of the REIN multiple listing service for Gloucester Point, Hayes, and Gloucester West — and then I tell you what they actually mean. No spin, no “now is always a great time to buy.” Just what happened in the Gloucester VA housing market this week, in August 2026, and what you should do about it.

This Week by the Numbers

27 new listings came on the market. Median asking price: $385,000. The range ran from $25,000 for a piece of land up to $899,000.
15 homes went under contract. Median price $375,000, and they averaged 43 days on the market before finding a buyer.
12 homes closed. Median sale price $409,500, average 67 days on market, from $190,000 up to $875,000.
Zero listings expired. Not one seller ran out the clock.
Total dollar volume across all four categories: $28.4 million.

The headline is the pending number. Last week only five homes went under contract. This week it was fifteen. That is triple, and it is the strongest contract week Gloucester has had in more than a month. The buyers who spent July sitting on their hands came back.

The Fast Lane and the Slow Lane

Here is the part that surprised me. Homes that sold between $500,000 and $1 million this week averaged 40 to 47 days on the market. Homes between $300,000 and $500,000 averaged 81 to 83 days. The expensive houses sold roughly twice as fast as the mid-priced ones.

That is upside down from what most people expect, and there are two reasons for it. First, the middle of our market is crowded — nine of this week’s 27 new listings landed in the $300,000 to $400,000 band alone. Second, our upper-bracket buyers here are frequently waterfront-motivated, often paying cash or putting a lot down, and when they find the right piece of shoreline they move on it.

What This Means for Buyers

You have choice, and you are getting more of it every week. This is the third straight week that new listings have outrun closed sales in Gloucester — 22, then 23, now 27 new listings against 13, 14, and 12 sales. Inventory is quietly building.

The best leverage right now is in that $300,000 to $500,000 range where homes are sitting 80-plus days. A seller who has watched three months go by is a seller who will listen to a reasonable offer, and often to a repair request too. Also worth noting: the median asking price on new listings dropped from $465,740 last week to $385,000 this week. Sellers are pricing more realistically. Just don’t mistake a soft market for an empty one — fifteen homes went under contract this week, so the good ones are still getting taken.

What This Means for Sellers

Zero expirations is genuinely good news, and it means the homes that are listed are being priced close enough to reality that people aren’t giving up. But look at the trend honestly: the median sale price slipped from $434,950 last week to $409,500 this week, and average days on market stretched from 45 to 67.

You are now competing with 27 brand-new neighbors who came on this week alone. Your first two weeks on the market are the only two weeks you get full attention from every buyer with an alert set. Price it right on day one. A house that has to chase the market down in $10,000 chunks over three months almost always nets less than the house that was priced correctly from the start.

A Builder’s Eye on This Week’s Numbers

I came to real estate from construction, and that $300,000 to $500,000 band sitting for 80-plus days tells me something specific. A lot of Gloucester’s inventory in that price range was built between the 1970s and the 1990s. That stock is now at the age where the roof, the HVAC, the water heater, and the original windows are all coming due at once — and buyers in 2026 price those repairs into their offers with a calculator, not a shrug.

If you’re selling in that range, get ahead of it. Two thousand dollars of pre-listing work on the obvious stuff routinely saves ten thousand at the closing table. If you’re buying in that range, that same aging systems list is your negotiating outline — bring me along and I’ll tell you what’s cosmetic and what’s a real number.

Worth a separate note: three of this week’s new listings came in under $90,000, including one at $25,000. Those are almost always land and lots, not houses. Land in Gloucester can be a terrific buy or a very expensive mistake, and the difference comes down to a perc test, well and septic feasibility, wetlands delineation, and flood zone. Never go to contract on a lot here without those answers.

The Waterfront Picture

Three new listings came on between $750,000 and $999,000 this week, with the high asking price at $899,000, and one home in that bracket closed in 47 days. Waterfront and water-access property in Gloucester continues to move faster than the middle of the market. If you’re buying on the water, the diligence list is different: flood zone and elevation certificate, insurance quotes before you’re under contract, bulkhead and shoreline condition, and what is actually permitted for a dock or pier. That’s the work I do on every waterfront deal.

The Bigger Picture

Three weeks of data now point the same direction: more homes coming on than going off. That is not a crash and it is not a warning — it’s a rebalancing after a couple of very tight years, and it is slowly handing negotiating power back to buyers while still leaving well-priced sellers in good shape.

Have a question about your street, your price range, or a specific property you’ve been watching? Call Larry McKinney at 757-503-2544 or visit thegloucesterrealtor.com. I’m independent, so when you call me, you get me.

Larry McKinney | Hogge Real Estate Inc. | 6800 Main St., Gloucester, VA 23061 | 757-503-2544

Data source: REIN, Inc. Area Market Survey for Areas 120 (Gloucester Point/Hayes) and 121 (Gloucester West), status change dates 08/17/2026–08/24/2026. Information is not guaranteed and should be independently verified for accuracy.