Comprehensive market data and analysis• Updated Dec 2025
18.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | 1 | 1 | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 3 |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | 2 |
| TOTAL | 0 | 1 | 1 | 8 |
Acreage buckets
The median price for land in Patrick Springs, Virginia is currently $5K per acre. For a typical parcel, the median sale price is $68K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $34K while premium lots reached $456K.
Patrick Springs, Virginia is currently a strong buyer's market with 18.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Patrick Springs, Virginia currently has 18.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 6 active listings in Patrick Springs, Virginia. 2 new listings have hit the market in the last 90 days. The median asking price is $110K.
The 3-month absorption rate in Patrick Springs, Virginia is 5.6%. The 12-month rate is 11.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Patrick Springs, Virginia typically sells within 45 days of listing. The median time on market is 38 days. Properties are moving quickly in the current strong buyer's market.
The median land price in Patrick Springs, Virginia stands at $68K. This translates to roughly $5K per acre for the typical parcel size. The average price is $165K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
