Virginia Housing Market
Warm MarketHousing market data and trends for Virginia. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: March 2026
Median Sale Price
$464K
↓ 0.2% YoY
Days on Market
41 days
↑ 20.6% YoY
Active Inventory
20,711
↑ 1.0% YoY
Homes Sold
8,865
↑ 7.7% YoY
Warm Market
The market is active with moderate buyer demand.
Virginia Market Summary
The Virginia housing market is heating up. As of March 2026, the median home sale price is $464K, down 0.2% year-over-year. Homes are spending a median of 41 days on the market, 20.6% longer than a year ago.
There are 20,711 homes for sale — 1.0% more than last year. With 2.3 months of supply, this is a seller's market. 13,485 new listings were added during this period, up 2.5% year-over-year.
Homes are selling for 99.4% of their list price on average, suggesting room for negotiation. 33.2% of homes sell above their asking price. 23.6% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
57
Contributing Factors
How This Market Compares
vs. National Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.
Virginia Market Trends
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Detailed Market Metrics
Median List Price
$493K
Price per Sq Ft
$243
Sale-to-List Ratio
99.4%
Months of Supply
2.3
Sold Above List
33.2%
Price Drops
23.6%
New Listings
13,485
↑ 2.5% YoY
Pending Sales
12,239
Metro Areas in Virginia
Virginia Beach, VA metro area
$367K median
36 days
on market
Richmond, VA metro area
$405K median
26 days
on market
Roanoke, VA metro area
$286K median
34 days
on market
Lynchburg, VA metro area
$305K median
32 days
on market
Charlottesville, VA metro area
$475K median
45 days
on market
Winchester, VA metro area
$383K median
60 days
on market
Staunton, VA metro area
$346K median
41 days
on market
Blacksburg, VA metro area
$285K median
60 days
on market
Harrisonburg, VA metro area
$334K median
56 days
on market
Danville, VA metro area
$165K median
119 days
on market
Martinsville, VA metro area
$148K median
62 days
on market
Big Stone Gap, VA metro area
$138K median
99 days
on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.