One part of Glen Allen is much tighter than the other
Glen Allen covers two ZIP codes: 23059 and 23060. The Real Estate Data Aggregator counted them together for the three months ending August 31, 2026. The numbers tell two different stories.
Freddie Mac put the average 30-year fixed rate at 7.40% as of October 15, 2026. Borrowing costs are real. Yet in 23060, inventory kept falling and homes kept moving fast.
| 23059 | 23060 | |
|---|---|---|
| Median sale price | $578,750 | $435,000 |
| Months of supply | 2.8 | 1.6 |
| Homes sold | 162 | 139 |
| Median days on market | 18 | 17 |
| Sale price as share of list | 99.9% | 100.1% |
| Under contract within two weeks | 34.4% | 42.1% |
23060: supply is shrinking, homes are moving
The Real Estate Data Aggregator counted 71 homes for sale in 23060 during the period. That is down 26.8% from the same months in 2025.
New listings also fell 13.9% year over year, per the Real Estate Data Aggregator. Fewer homes coming on, fewer sitting available. Supply dropped to 1.6 months.
Nearly 42 in 100 homes in 23060 went under contract within two weeks of listing, per the Real Estate Data Aggregator. Sellers averaged 100.1% of list price. In a tight market, pricing right from day one tends to reward sellers.
23059: more inventory, more competition for sellers
The Real Estate Data Aggregator counted 146 homes for sale in 23059 during the same period. That is up 52.1% from a year before.
New listings rose 36.2% year over year, per the Real Estate Data Aggregator. More choices for buyers means sellers face more competition.
The median sale price in 23059 was $578,750, up 5.2% year over year per the Real Estate Data Aggregator. Prices moved up. But with 2.8 months of supply and fewer homes selling above list, buyers have more room to negotiate than they did a year ago.
What the rate environment means for both ZIPs
Freddie Mac reported a 7.40% average 30-year fixed rate as of October 15, 2026. The Virginia Association of Realtors reported the same 7.4% average for Virginia in the second week of August 2026.
Nationally, the National Association of Realtors counted 3.99 million existing-home sales in September 2026. Prices rose just 1.3% nationally year over year. Glen Allen's price gains outpaced that in both ZIPs.
Glen Allen combined: sales fell, but pending contracts rose
Across both ZIPs, the Real Estate Data Aggregator counted 301 homes sold in the three months ending August 31, 2026. That is down 16.2% from the same period in 2025.
Pending sales across both ZIPs rose 2.8% year over year to 325, per the Real Estate Data Aggregator. Fewer closings, but more homes going under contract. That points toward a pipeline building.
- 23060 has 1.6 months of supply and more than 4 in 10 homes going under contract within two weeks.
- 23059 has 2.8 months of supply and a growing pool of listings.
- Same city, different playbook.
- Sellers in 23060 can price confidently from the start.
- Sellers in 23059 need to be sharp on price on day one, because buyers there have options.
One street can read very differently from the ZIP code as a whole. These numbers cover the full ZIP, not any single neighborhood or price range inside it.
Your next step
(804) 409-8655Text me your address and I will send back how your Glen Allen home compares to what actually sold in your ZIP, including days on market and where prices landed. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 23059 and 23060, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- VAR: Key Takeaways: August 2026 Virginia Home Sales Report - Virginia REALTORS®, Sep 23, 2026
- Freddie Mac: Mortgage Rates, read Oct 19, 2026
- National Association of Realtors: Existing-Home Sales, read Oct 19, 2026
- Redfin: Housing Market Update: Asking Prices Fall For the First Time Since March, Oct 15, 2026
- Redfin: Home Sellers Now Outnumber Buyers By 63%, the Biggest Gap Since the Post-Recession Housing Crash, Oct 14, 2026