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Penhook, VA real estate

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Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for July 2026. *


* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Penhook real estate Market Report.

Information and statistics on the latest trends in the Penhook real estate market. *

Latest Rolling 3-Month Snapshot

Apr 1, 2026 - Jun 30, 2026

Median sale price
$857K
+13% from Q1 '26
Median list price
$2.4M
+114% from Q1 '26
Active listings
22
+10% from Q1 '26
Homes sold
6
+100% from Q1 '26
New pendings
4
-20% from Q1 '26
New listings
9
No change from Q1 '26

Quarterly Pricing Trends for Penhook

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Penhook Q3 '21 Q3 '22 Q3 '23 Q3 '24 Q3 '25 Q2 '26 Median sale price in Jul 2021 - Sep 2021: $894K Median sale price in Oct 2021 - Dec 2021: $967K Median sale price in Jan 2022 - Mar 2022: $865K Median sale price in Apr 2022 - Jun 2022: $1.1M Median sale price in Jul 2022 - Sep 2022: $912K Median sale price in Oct 2022 - Dec 2022: $950K Median sale price in Jan 2023 - Mar 2023: $1.1M Median sale price in Apr 2023 - Jun 2023: $932K Median sale price in Jul 2023 - Sep 2023: $955K Median sale price in Oct 2023 - Dec 2023: $1.6M Median sale price in Jan 2024 - Mar 2024: $530K Median sale price in Apr 2024 - Jun 2024: $1.7M Median sale price in Jul 2024 - Sep 2024: $848K Median sale price in Oct 2024 - Dec 2024: $1.4M Median sale price in Jan 2025 - Mar 2025: $950K Median sale price in Apr 2025 - Jun 2025: $1.2M Median sale price in Jul 2025 - Sep 2025: $1.1M Median sale price in Oct 2025 - Dec 2025: $2.2M Median sale price in Jan 2026 - Mar 2026: $759K Median sale price in Apr 2026 - Jun 2026: $857K Median list price in Jul 2021 - Sep 2021: $969K Median list price in Oct 2021 - Dec 2021: $1.5M Median list price in Jan 2022 - Mar 2022: $865K Median list price in Apr 2022 - Jun 2022: $1.2M Median list price in Jul 2022 - Sep 2022: $675K Median list price in Oct 2022 - Dec 2022: $1.5M Median list price in Jan 2023 - Mar 2023: $1.4M Median list price in Apr 2023 - Jun 2023: $719K Median list price in Jul 2023 - Sep 2023: $1.4M Median list price in Oct 2023 - Dec 2023: $2.2M Median list price in Jan 2024 - Mar 2024: $560K Median list price in Apr 2024 - Jun 2024: $1.6M Median list price in Jul 2024 - Sep 2024: $850K Median list price in Oct 2024 - Dec 2024: $999K Median list price in Jan 2025 - Mar 2025: $1.9M Median list price in Apr 2025 - Jun 2025: $1.5M Median list price in Jul 2025 - Sep 2025: $1.5M Median list price in Oct 2025 - Dec 2025: $767K Median list price in Jan 2026 - Mar 2026: $1.1M Median list price in Apr 2026 - Jun 2026: $2.4M Jul 2021 - Sep 2021 Median sale price $894K Median list price $969K Oct 2021 - Dec 2021 Median sale price $967K Median list price $1.5M Jan 2022 - Mar 2022 Median sale price $865K Median list price $865K Apr 2022 - Jun 2022 Median sale price $1.1M Median list price $1.2M Jul 2022 - Sep 2022 Median sale price $912K Median list price $675K Oct 2022 - Dec 2022 Median sale price $950K Median list price $1.5M Jan 2023 - Mar 2023 Median sale price $1.1M Median list price $1.4M Apr 2023 - Jun 2023 Median sale price $932K Median list price $719K Jul 2023 - Sep 2023 Median sale price $955K Median list price $1.4M Oct 2023 - Dec 2023 Median sale price $1.6M Median list price $2.2M Jan 2024 - Mar 2024 Median sale price $530K Median list price $560K Apr 2024 - Jun 2024 Median sale price $1.7M Median list price $1.6M Jul 2024 - Sep 2024 Median sale price $848K Median list price $850K Oct 2024 - Dec 2024 Median sale price $1.4M Median list price $999K Jan 2025 - Mar 2025 Median sale price $950K Median list price $1.9M Apr 2025 - Jun 2025 Median sale price $1.2M Median list price $1.5M Jul 2025 - Sep 2025 Median sale price $1.1M Median list price $1.5M Oct 2025 - Dec 2025 Median sale price $2.2M Median list price $767K Jan 2026 - Mar 2026 Median sale price $759K Median list price $1.1M Apr 2026 - Jun 2026 Median sale price $857K Median list price $2.4M
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
55
Neutral Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Apr 2026 - Jun 2026).

Inventory in Penhook has ticked up in this rolling three-month view, with active listings up slightly year over year and sitting at 22 homes. At the same time, new listings have fallen sharply compared with a year ago and pending sales are down significantly, while just 6 homes have closed, signaling a slower contract pace.

Pricing is adjusting to these conditions, with the typical home value down notably from a year ago even as the current typical value sits around the mid-$800,000s. In contrast, the median list price has climbed strongly year over year and is now well over $2 million, suggesting sellers are testing higher price points than recent sales support.

From a timing standpoint, homes are taking longer to sell, with the median days on market at 102 in this period and the average sale-to-list ratio just over 94 percent, indicating buyers often negotiate below asking. Months of supply has more than doubled compared with a year ago to about 8.4 months, placing Penhook in a neutral market where neither side has a clear advantage, and no recent sales have closed above list price. Buyers and sellers who want to navigate these crosscurrents can turn to Agent Pronto to connect with an experienced local agent who understands Penhook’s evolving dynamics.



Learn more about what Penhook has to offer.

Penhook offers residents a close-knit community, scenic countryside, and convenient access to outdoor recreation and essential services that support a welcoming, small-town lifestyle.

Penhook is a small lakeside community known for its easy access to Smith Mountain Lake and practical, year round appeal. Located between Roanoke and Rocky Mount, it offers a quieter setting with straightforward routes to larger employment and shopping centers.

Everyday errands are simple, with local markets and services nearby and more extensive options in Westlake Corner. Outdoor enthusiasts appreciate quick access to boating and fishing from marinas such as Crazy Horse Marina, along with golf at The Water’s Edge Country Club. The broader Smith Mountain Lake State Park area provides swimming beaches, hiking trails, and picnic areas, making weekend plans easy without a long drive.

Families are served by Franklin County Public Schools, with additional educational and cultural options in Moneta and Roanoke County. Dining ranges from casual lakefront spots like Magnum Point Marina to restaurants and coffee shops around Smith Mountain Lake Regional Park and Westlake.

Whether you are relocating to enjoy more time on the water or planning to sell and move closer to the city, navigating lakefront covenants, rural utilities, and seasonal demand can feel complex. A knowledgeable local agent who understands Penhook’s micro markets can streamline showings, pricing, and negotiations. Agent Pronto connects buyers and sellers with the right real estate professional so the process feels more manageable and less stressful.

Find your Penhook real estate agent today →


Trusted by over 500,000 buyers and sellers.

See why so many people rely on Agent Pronto to make their real estate journey a success.

“Selling my first house could not have been a better experience! Debra, from day one was on point, very communicative and always answered all of my questions no matter what time of day it was. When i was worried about something, she was the reassuring voice that kept me at bay. If you just let her step back and do what she's been doing, magic happens. My house was off the market in 13 days at asking price. When i buy another house here in Texas, I know she has some connections here, so i will definitely reach out to her and refer as much as humanly possible. Thanks again Debra for making my transition smooth and amazing!!”

Brandon McCray · Woodbridge, VA

Photo of Debra  McElroy
Century 21 New Millennium
“James Strum is a trusted and seasoned provessional that delivers results. Jamie set expectations, provided guidance, prepared us for next steps and was always accessible for updates or questions. I felt informed and prepared for the each phase of the process. Attributed to his leadership, I remained positive as we navigated a couple of unexpected items. I would recommend James Strum to anyone looking to buy or sell (I've experienced both successfully under his guidance). Jamie makes the experience fun, even when it gets a little challenging. James Strum is the best!”

Anita Martin · Chesterfield, VA

Photo of The Strum Group
Long & Foster Real Estate Long and Foster
“Brooke was amazing!! She truly went above and beyond to help me find a house to call home. I truly could not be more thankful I got to work with her!!!”

Arianna Endicott · Johnson City, TN

Photo of Brooke Shelton
Century 21 Legacy
“a excelent realtor. very profecional”

Marcial Flores · Woodbridge, VA

Photo of Alfonso Torres
Carrington Real Estate
“A professional who is always ready to meet your needs and match your intensity in the home search if required. Her knowledge, contacts, and communication with my lender were the only reasons we were able to close on time. She was instrumental in helping me find the home that I wanted, as well as being the reason that I was able to move into my home by the date of closing.”

Elkin Huertas · Ashburn, VA

Photo of Gurdeep Mangat
Century 21 New Millennium
“It was my pleasure working with you Daniel. You listened to my concerns and responded positively. Thank you”

Cecilia Doe · Beltsville, MD

Photo of The Washingtonian Group
Real Living Real Estate RLAH @properties
“Bree was incredible! Everything you could want in a realtor. Experienced, warm, personable, and punctual! She made the process of selling/buying at the same time seem so easy. We had a contingent sale which can be really tricky and she made it a breeze. We hope this is our forever home but if we ever buy or sell again, bree is my first call!”

Hannah Swinson · Blackstone, VA

Photo of Bree Cox
Century 21 Realty at Home
“We were so happy we picked Karen as our realtor. The only realtor that told us Virginia is a buyer beware state. The process is long and Karen has the patience and flexibility to work with you. We received excellent customer service and highly recommend her for all your realtor needs. Thank You, Karen for helping us find our new home.”

Joe & Denise · Glen Allen, VA

Photo of Karen Dailey
Century 21 Realty @ Home
“We have known Judy for several years and always knew we would select her as our realtor when it came time to sell our house. She did an amazing job and we couldn't be happier! As people who believe in planning, we especially appreciated Judy's support as we got ready to put the house on the market. Our conversations regarding the sale of our home took place over many months ensuring that when listing day came we were more than ready. Judy is exceptionally knowledgeable on the northern Virginia market and all of her recommendations were on point. Our house sold in one weekend with multiple competitive offers and we give Judy the credit. She priced the house appropriately and marketed it exceptionally well. While selling a house is never easy, Judy made the process as painless as possible and was there to support us throughout the process. We would highly recommend Judy.”

Christopher and Pamela · Dumfries, VA

Photo of Judy Petrak
Century 21 New Millennium
“Working with William Mallory was a real pleasure. From our very first meeting, his professionalism and dedication were front and center. He took the time to truly understand our needs, navigated every step of the process . William is communicative, and a true expert in his field. I would strongly recommend working with William”

Frederic Six · Norfolk, VA

Photo of William Mallory
Iron Valley Real Estate
“I cannot recommend Lindsay enough. She was always available to answer my questions, kept me updated throughout the entire process, and made what could have been a stressful experience feel smooth and manageable. She genuinely cared about helping me find the right home and was there every step of the way. I am extremely grateful for all of her hard work and would not hesitate to work with her again or recommend her to my family and friends.”

Edwin Martinez · Woodbridge, VA

Photo of Lindsay Summa
NextHome Mission
“Debbie not only helped us find exactly what we were looking for, and where, but she helped us set up the sale of our previous house, and helped us negotiate consecutive closing dates as well as a possession maintenance period of our previous house in order to make our move easier. Having now worked with her on a sale and a purchase, plus her having done wonders for other family members, we would recommend her to anyone looking to purchase a home.”

Robert Pervere · Coinjock, NC

DM
The Real Estate Group
“Carla is a seasoned agent with a wealth of knowledge in the Northern Virginia area. We worked with her in the past, both buying and selling homes. We were extremely happy throughout the process then, and on the recent sale of our home. She is the only agent I would use going forward should the need arise. Thank you Carla!!”

Diane Peters · Manassas, VA

Photo of Carla  Unterkofler
Century 21 New Millennium
“Nick was great to work with! He was very personable and easy going. He made time for every home we wanted to see at the exact times we wanted to see it. He stuck with us even after a 6 month lull in looking at homes. I would consider Nick not only a professional, but he has become a friend.”

Jacob and Sarah · Louisa, VA

Photo of Nick Hill
Century 21 New Millenium
“Working with Boris in DC was an outstanding experience from start to finish. He was knowledgeable, responsive, and truly understood the DC market. Throughout the entire process, he made us feel informed and supported, always going above and beyond to answer questions and advocate for our interests. His professionalism, honesty, and attention to detail made what could have been a stressful experience feel smooth and manageable. I would highly recommend Boris to anyone looking to buy or sell a home in the DC area.”

D.T. · Washington, DC

Photo of Boris Miric
Fathom Realty
“​I cannot recommend Wes Sparks at eXp Realty highly enough! My father and I recently worked with Wes to sell my father's home, and the entire experience was seamless, professional, and incredibly successful. ​From our very first meeting, it was clear that Wes is an expert in his field. He brought a wealth of market knowledge and a strategic approach that gave us immediate confidence. Selling a family home can often be an emotional and complex process, but Wes handled everything with the utmost respect and patience.”

Smithson · Stanardsville, VA

Photo of Wes Sparks
eXp Realty, LLC
“Harvey Raffensperger at Iron Valley Real Estate was fantastic. We sold our home in Hampton in under three months, and honestly the whole process was way less painful than I expected. Harvey knows the local market well, kept us in the loop throughout, and was always easy to reach. The real test came when we ran into a really difficult buying agent — Harvey handled it calmly and professionally and kept everything from falling apart. We barely even felt the turbulence. If you're selling in the Hampton area, I'd go with Harvey without hesitation. Just a solid, trustworthy agent who gets the job done.”

Anita · Hampton, VA

Photo of Harvey Raffensperger
Iron Valley Real Estate Prestige
“Barbie consistently arrives on time, communicates clearly and efficiently, and maintains a high level of professionalism.””

Alejandro Alvarez · Manassas Park, VA

Photo of Barbie Lee
Century 21 Redwood
“Adam worked with me an my husband , very nice and understood what I needed to do an got it done.”

Dustin and Amber Perdue · Bedford, VA

Photo of Adam Hazelwood
eXp Realty Rural Virginia Homes, Farms & Land
“Kris was wonderful to work with and we are greatful for her assistance in our fore ever home purchase”

Mike Greenberg · King George, VA

Photo of Kris Riley
NextHome Mission

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Penhook. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.


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