Pennington Gap, VA housing market: August 2026
What's happening in the Pennington Gap market right now.
Buyer's or seller's market?
Pennington Gap, VA leans toward a buyer's market: homes in Lee County take a median of 80 days to sell, and the number for sale is +7.8% on a year ago. Buyers have room to negotiate; sellers should price carefully.
12-month outlook
−5.5% to +7.5% for the typical Pennington Gap home value over the next 12 months.
A projection from past prices (the trend of the last 3 and 12 months, damped), not a prediction or advice. Local conditions can move faster than any trend.
Sources: Zillow Home Value Index, August 2026 · Realtor.com county data, August 2026. Listing figures are for Lee County as a whole.
Pennington Gap market — questions answered
What is the typical home value in Pennington Gap, VA?
$95,153 as of August 2026, +6.6% on a year earlier (Zillow Home Value Index).
Are home prices going up in Pennington Gap, VA?
Yes — the typical home value changed +6.6% over the year to August 2026 and +32.3% over five years.
Is Pennington Gap, VA a buyer's or seller's market?
It leans toward buyers: the median home in Lee County sells in 80 days (Realtor.com, August 2026).
How many homes are for sale in Pennington Gap, VA?
69 homes were listed for sale across Lee County in August 2026 (Realtor.com).
Who are the best real estate agents in Pennington Gap, VA?
Homegrity lists license-verified Pennington Gap agents, each checked against the state license register. Placement is never bought. The nearest page listing agents is Jonesville, VA: /real-estate-agents/jonesville.