Why Live in Old Towne Petersburg
Old Towne Petersburg is a historic neighborhood characterized by cobblestone streets, notable landmarks, and a variety of eclectic storefronts. The Appomattox River forms its northern border, providing recreational opportunities like bass fishing, canoeing, and hiking along the Appomattox River Greenway trail. The area is undergoing rejuvenation with new shops and restaurants, while maintaining its historic charm. The neighborhood boasts a vibrant arts scene with organizations such as the Petersburg Area Art League, Walton Gallery, and Ward Center for Contemporary Art. Historic structures like the Appomattox Iron Works and twin Federal townhouses from 1815 coexist with modern establishments like the Buttery Baking House and Demolition Coffee. For nightlife, Trapezium Brewing Company and Old Towne’s Alibi offer vintage atmospheres and craft drinks. Housing styles include 19th-century Federal and Italianate row houses, Second Empire, traditional-style, and Colonial-inspired homes, many featuring colorful facades and eclectic finishes. Pocahontas Island, part of the neighborhood, is home to a historically Black community and the Pocahontas Black History Museum. The Appomattox Regional Governor’s School for the Arts and Technology is a highly rated magnet school in the area. Local attractions include the River Street Market and event spaces like the renovated Appomattox Iron Works and Petersburg Union Station. Commuters benefit from proximity to Interstate 95 and multiple bus lines operated by Petersburg Area Transit, with express routes to Richmond.
Home Trends in Old Towne Petersburg, VA
On average, homes in Old Towne Petersburg, Petersburg sell after 38 days on the market compared to the national average of 51 days. The median sale price for homes in Old Towne Petersburg, Petersburg over the last 12 months is $291,500, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$291,500
Median Single Family Sale Price
$309,500
Median Townhouse Sale Price
$338,700
Average Price Per Sq Ft
$124
Number of Homes for Sale
4
Last 12 months Home Sales
14
Median List Price
$322,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
8%