Comprehensive market data and analysis• Updated Dec 2025
6.0 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | 1 | 4 |
| 2-5 acres | - | - | 2 | 3 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | 1 | 1 | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 4 | 9 |
Acreage buckets
The median price for land in Prospect, Virginia is currently $8K per acre. For a typical parcel, the median sale price is $25K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $18K while premium lots reached $110K.
Prospect, Virginia is currently a balanced market with 6.0 months of supply. Conditions favor neither buyers nor sellers significantly.
Prospect, Virginia currently has 6.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
Land in Prospect, Virginia averages $9K per acre. The median price per acre is $8K, which may be more representative of typical transactions. Most parcels sold are around 2.7 acres.
The median land price in Prospect, Virginia stands at $25K. This translates to roughly $8K per acre for the typical parcel size. The average price is $51K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Prospect, Virginia is 16.7%. The 12-month rate is 37.5%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Prospect, Virginia is 16.7% (3-month basis), indicating strong demand. The top-performing broker in this market is State Wide Realty Company.
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.
