📊Market Stats
🏡 Hampton Roads Market Stats: Your Local Housing Pulse
Welcome to your go-to hub for the latest housing trends across Virginia Beach and the greater Hampton Roads region. Whether you're buying, selling, investing, or just staying informed, this page delivers the data that drives smart decisions.
📊 Current Hampton Roads Real Estate Snapshot Nov. 2025 (Updated Monthly)
🏡 Detached Properties – November 2025
| City | Avg SP | Median SP | Median DOM | % Original LP Received |
Month’s Supply |
|---|---|---|---|---|---|
| Virginia Beach | $604,071 | $480,000 | 15 | 98.5% | 2.4 |
| Norfolk | $371,568 | $332,250 | 17 | 98.9% | 2.8 |
| Chesapeake | $483,793 | $435,000 | 17 | 98.9% | 3.5 |
| Portsmouth | $299,038 | $285,000 | 23 | 97.3% | 4.3 |
| Suffolk | $424,206 | $445,000 | 38 | 96.5% | 4.4 |
| Hampton | $335,031 | $314,900 | 23 | 97.9% | 4.2 |
| Newport News | $342,836 | $326,000 | 23 | 98.9% | 3.0 |
🏡 Attached Properties – November 2025
| City | Avg SP | Median SP | Median DOM | % Original LP Received |
Month’s Supply |
|---|---|---|---|---|---|
| Virginia Beach | $343,777 | $299,000 | 20 | 98.4% | 2.5 |
| Norfolk | $327,928 | $250,000 | 47 | 95.1% | 5.3 |
| Chesapeake | $333,197 | $300,000 | 19 | 97.8% | 2.8 |
| Portsmouth | $191,438 | $178,500 | 27 | 96.4% | 3.2 |
| Suffolk | $371,107 | $336,760 | 74 | 100.3% | 5.4 |
| Hampton | $264,100 | $267,500 | 35 | 96.2% | 4.0 |
| Newport News | $247,693 | $241,500 | 30 | 96.9% | 6.4 |
📘 What These Numbers Mean
Understanding these stats helps you make smarter decisions—whether you're buying, selling, or just watching the market. Here's a quick breakdown:
- Avg SP (Average Sales Price): The total sales volume divided by the number of homes sold. It can be skewed by ultra-high or ultra-low sales, so it's best used to spot general price trends across cities.
- Median SP (Median Sales Price): The midpoint of all sales—half the homes sold for more, half for less. This is a more stable indicator of affordability and market movement, especially in areas with diverse housing stock.
- Median DOM (Days on Market): How long homes typically sit before going under contract. A lower DOM means homes are selling quickly, often in competitive conditions. A higher DOM may signal buyer hesitation or seasonal slowdown.
- % Original LP Received: Shows how close sellers are getting to their original asking price. Numbers near 100% suggest strong demand and minimal price negotiation. Lower percentages may indicate price drops or buyer leverage.
- Month’s Supply: A measure of inventory—how long it would take to sell all current listings at the current pace:
- 1–4 months: Seller’s market (low inventory, high demand)
- 5–6 months: Balanced market
- 7+ months: Buyer’s market (more choices, less competition)
🔍 Nov 2025 Hampton Roads Real Estate Market Highlights
🌊 Virginia Beach leads in price and pace
Detached homes averaged $604K and sold in just 15 days—fastest DOM and highest average price in the region.
- Attached DOM: 20 days
- List-to-Sale Ratio: 98.5% (detached), 98.4% (attached)
- Market Type: Strong seller’s market
🚢 Norfolk shows steady demand
Detached homes sold in 17 days with a solid 98.9% of original list price received. Attached homes took longer at 47 days.
- Median SP: $332.3K (detached), $250K (attached)
- Month’s Supply: 2.8 (detached), 5.3 (attached)
- Market Type: Balanced for detached, softening for attached
🌳 Chesapeake stays competitive
Detached homes averaged $484K with a strong 98.9% list-to-sale ratio. Attached homes matched that ratio and sold in just 19 days.
- Median SP: $435K (detached), $300K (attached)
- Month’s Supply: 3.5 (detached), 2.8 (attached)
- Market Type: Seller-leaning for attached; balanced for detached
⚓ Portsmouth surprises with attached strength
Attached homes sold in 27 days with a solid 96.4% list-to-sale ratio. Detached homes took 23 days and received 97.3% of asking.
- Median SP: $285K (detached), $178.5K (attached)
- Month’s Supply: 4.3 (detached), 3.2 (attached)
- Market Type: Detached: balanced; Attached: demand-driven despite modest pricing
🌾 Suffolk sees longer timelines
Detached homes had the longest DOM at 38 days and lowest list-to-sale ratio at 96.5%. Attached homes took 74 days but exceeded asking at 100.3%.
- Median SP: $445K (detached), $336.8K (attached)
- Month’s Supply: 4.4 (detached), 5.4 (attached)
- Market Type: Cooling overall; attached shows niche demand
🛠️ Hampton holds steady
Detached homes sold in 23 days with a 97.9% list-to-sale ratio. Attached homes had a slightly lower ratio at 96.2% and took 35 days to close.
- Median SP: $314.9K (detached), $267.5K (attached)
- Month’s Supply: 4.2 (detached), 4.0 (attached)
- Market Type: Balanced for both segments
🚀 Newport News stays affordable
Detached homes averaged $343K and sold in 23 days. Attached homes were even more affordable at $248K and closed in 30 days.
- List-to-Sale Ratio: 98.9% (detached), 96.9% (attached)
- Month’s Supply: 3.0 (detached), 6.4 (attached)
- Market Type: Detached: seller-friendly; Attached: softening with elevated supply
📚 Additional Resources
For Sellers:
- 🚀 How to Sell Your House Quickly in Hampton Roads (2025)
- 🏖️ Virginia Beach Homeowners Win Big in 2025 with Assumable Loans & Equity Gains
- 🏠 Hampton Roads Home Sellers Guide
For Buyers:
💬 Frequently Asked Questions
📈 Why do you show both average and median sales prices?
Great question! Average price gives a sense of overall market volume, but it can be skewed by luxury or distressed sales. Median price is more stable—it shows the midpoint of all sales and is a better gauge of affordability.
⏳ What does “Days on Market” really tell me?
DOM shows how quickly homes are selling. A low number means high demand and fast-moving listings. A higher number might suggest buyer hesitation, seasonal shifts, or pricing misalignment.
📊 How often is this data updated?
I update this page monthly using REIN MLS data and local market reports. If you need hyper-local stats or a custom breakdown, just reach out—I’m happy to help.
🏘️ What’s the difference between detached and attached properties?
Detached homes are stand-alone houses, while attached properties include condos, townhomes, and duplexes. They often have different pricing trends, buyer profiles, and inventory levels.
🤔 How do I know if it’s a good time to buy or sell?
It depends on your goals, budget, and timeline. These stats give you a snapshot, but I offer free consultations to help you interpret the data and build a strategy that fits your situation. Click here to schedule a free strategy call and let’s talk through your options.
💬 Want Custom Insights for a Virginia Beach or South Hampton Roads Neighborhood?
Get a personalized market breakdowns by neighborhood, price point, and sales activity. Whether you're buying, selling, or just exploring options, let's build a strategy tailored to your goals.
Schedule a free consultation to learn more about navigating today’s Hampton Roads market with confidence.
📅 Schedule Your Free ConsultationLiz Schuyler, Virginia Beach Real Estate Agent
RE/MAX Allegiance
Liz Schuyler is a top Virginia Beach REALTOR® with RE/MAX Allegiance, licensed since 2001 and trusted across Hampton Roads. With 350+ homes sold, she helps clients Sell, Move, and Invest with confidence and strategy.
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