January 2026 Market Overview for Glen Allen, VA Real Estate

Curious about the current status of the Glen Allen, VA market and what lies ahead for real estate clients this January 2026? Understanding the numbers behind Glen Allen, VA can help buyers and sellers navigate this season with clarity. Inventory levels, pricing patterns, and time on market reveal a local landscape where each metric can influence your real estate moves in unique ways.

If you are considering affordable homes in Glen Allen, VA this January 2026, note that the median sale price stands at $445,000, up 6.5 percent from the prior year. Why it matters: this continued price growth signals steady demand and sustained buyer interest. Competing in this price range means understanding that each decision on offer price has a measurable impact.

Key Market Insights for Glen Allen, VA

In January 2026, the number of active listings is 142, with a notable decrease from 159 in the previous month. This contraction means those searching for the right property need swift action, and sellers can often secure more attention per listing. For those weighing, is it a good time to buy in Glen Allen, VA?, knowing that supply is tight and days on market average only 21 can inform urgency and negotiation strategies.

Single family homes average 19 days on the market, while attached properties average 26 days, signaling where there may be more negotiating flexibility. Sellers can track the market's absorption rate of 2.7 months' supply, well below the balanced marker of 4.5. This metric means homes tend to sell faster, and well priced listings stand out.

Trends Shaping January 2026

Sellers are reaching close to their asking prices, evidenced by a 97.5 percent list-to-sale price ratio. The average concession rate is now 1.5 percent, down from last year's 2.1 percent, highlighting how strategic pricing and preparation matter more amid demand. Why it matters: Proper preparation and strategic pricing can secure top market value, which is especially important for those exploring how to sell your house fast in Glen Allen, VA.

Entry-level housing is scarce, at just 11 percent of new listings, pushing more buyers into the mid tier, where the most activity is detected. Active submarkets like Deep Run and Wyndham saw their own median prices top $500,000 and a rapid 13-day sale pace. Why it matters: Segmentation by price bracket can help agents direct clients toward the most viable options for their needs.

Navigating the Local Market in January 2026

Closed sales reached 88, the highest January figure in five years. With new listings for the month at 106, down 4 percent from December, buyers have fewer fresh options. This supply challenge amplifies competition and accentuates the benefit of well prepared listing launches.

List price reductions averaged 2.2 percent, translating to a $9,100 difference when overpricing occurs. Such numbers show why guidance based on local comps and market momentum is invaluable when listing a property.

Market Details for Buyers and Sellers

Buyers face the reality of a 6.27 percent average 30 year mortgage rate, which shapes affordability and monthly payment commitments. Sellers should watch pending ratios and days on market, adapting their tactics as competition rises or buyer urgency changes. Attachments and entry level properties remain active but with less flexibility compared to the prior year.

January 2026 also introduces subtle shifts in builder inventory, with 19 percent of new listings coming from local builders. This factor broadens the pool for purchasers searching for new construction in a dynamic market. The real estate landscape of Glen Allen, VA this January 2026 emphasizes the necessity of tactical planning, with each statistic serving as a navigational tool for both buyers and sellers.

Summary List of Local Real Estate Facts

• Median sale price: $445,000 (+6.5 percent YoY)
• Average days on market: 21
• Active listings: 142
• Closed transactions (Jan): 88
• Single family DOM: 19 | Attached DOM: 26
• Absorption (months supply): 2.7
• List-to-sale price ratio: 97.5 percent
• New listings this month: 106

Looking Ahead: Your 2026 Strategy

Real estate in Town, VA continues to evolve, with each data point reinforcing the need to track, adapt, and consult with a trusted professional. For a strategic approach to listings, purchases, or market timing in Glen Allen, VA, let January 2026's numbers sharpen your next steps. Every property and every client goal deserves a plan rooted in current, actionable market intelligence.