Why Live in Petersburg
Petersburg, a historic port city along the Appomattox River, is undergoing a rapid revitalization while maintaining its rich heritage. Known for its historic homes, the area features hand-crafted brick houses with ornate moldings, dating back to the 1700s and 1800s. Architectural styles such as Colonial Revivals, American Foursquares, and Cape Cods are prevalent, with newer homes also being constructed. The neighborhood is safer than the national average, contributing to its appeal. Old Towne Petersburg is a vibrant hub with a lively nightlife, diverse dining options, and shopping venues. Attractions include the Petersburg National Battlefield, Blandford Church, and Centre Hill Mansion, offering insights into the city's Civil War history. Outdoor enthusiasts can enjoy the Battlefield Park Swim & Racquet Club, Dogwood Trace golf course, and Legends Park, which features walking trails and a lake. The emerging restaurant scene includes popular spots like Oyster Society and Croaker’s Spot. Shopping ranges from local boutiques to larger retailers like Walmart. Petersburg is a transportation hub, with Interstates 85 and 95 providing access to downtown Richmond, just 23 miles away. Despite its ongoing revitalization, the city faces challenges with limited housing inventory and schools that are not highly rated. The Appomattox Regional Governor’s School for the Arts and Technology offers specialized education, drawing students from various localities.
Home Trends in Petersburg, VA
On average, homes in Petersburg, VA sell after 39 days on the market compared to the national average of 52 days. The median sale price for homes in Petersburg, VA over the last 12 months is $245,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$245,000
Median Single Family Sale Price
$249,000
Median Townhouse Sale Price
$294,925
Median 2 Bedroom Sale Price
$192,000
Average Price Per Sq Ft
$170
Number of Homes for Sale
160
Last 12 months Home Sales
592
Median List Price
$250,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%