Virginia Housing Market
Cool MarketHousing market data and trends for Virginia. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: January 2026
Median Sale Price
$427K
↑ 0.4% YoY
Days on Market
55 days
↑ 31.0% YoY
Active Inventory
18,404
↑ 5.1% YoY
Homes Sold
6,208
↓ 1.3% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Virginia Market Summary
The Virginia housing market is cooling down. As of January 2026, the median home sale price is $427K, up 0.4% year-over-year. Homes are spending a median of 55 days on the market, 31.0% longer than a year ago.
There are 18,404 homes for sale — 5.1% more than last year. With 3.0 months of supply, this is a seller's market. 8,321 new listings were added during this period, down 0.0% year-over-year.
Homes are selling for 98.3% of their list price on average, suggesting room for negotiation. 24.1% of homes sell above their asking price. 21.8% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
68
Contributing Factors
How This Market Compares
vs. National Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.
Virginia Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Sale-to-List Ratio
Listings with Price Drops
Detailed Market Metrics
Median List Price
$454K
Price per Sq Ft
$231
Sale-to-List Ratio
98.3%
Months of Supply
3.0
Sold Above List
24.1%
Price Drops
21.8%
New Listings
8,321
– 0.0% YoY
Pending Sales
8,334
Metro Areas in Virginia
Virginia Beach, VA metro area
$353K median
48 days
on market
Richmond, VA metro area
$390K median
39 days
on market
Roanoke, VA metro area
$285K median
46 days
on market
Lynchburg, VA metro area
$304K median
41 days
on market
Charlottesville, VA metro area
$469K median
46 days
on market
Winchester, VA metro area
$386K median
81 days
on market
Blacksburg, VA metro area
$300K median
33 days
on market
Staunton, VA metro area
$315K median
30 days
on market
Harrisonburg, VA metro area
$322K median
45 days
on market
Danville, VA metro area
$189K median
63 days
on market
Martinsville, VA metro area
$176K median
67 days
on market
Big Stone Gap, VA metro area
$148K median
110 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.