📊Market Stats
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🏡 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 Dec. 2025 (Updated Monthly)
Data courtesy of REIN MLS. Data below does not include waterfront or new construction homes.
🏡 Detached Properties – December 2025
| City | Avg SP | Median SP | Median DOM | % Original LP Received |
Month’s Supply |
|---|---|---|---|---|---|
| Virginia Beach | $529,384 | $445,000 | 17 | 98.6% | 1.4 |
| Norfolk | $335,709 | $310,000 | 23 | 97.9% | 2.3 |
| Chesapeake | $463,936 | $442,000 | 20 | 98.2% | 1.7 |
| Portsmouth | $276,168 | $278,849 | 27 | 95.4% | 2.2 |
| Suffolk | $391,820 | $377,450 | 36 | 97.9% | 2.6 |
| Hampton | $280,494 | $285,000 | 23 | 97.8% | 2.4 |
| Newport News | $299,646 | $299,900 | 22 | 96.7% | 2.2 |
🏡 Attached Properties – December 2025
| City | Avg SP | Median SP | Median DOM | % Original LP Received |
Month’s Supply |
|---|---|---|---|---|---|
| Virginia Beach | $344,366 | $300,000 | 16 | 99.2% | 1.8 |
| Norfolk | $275,594 | $255,000 | 33 | 97.7% | 4.3 |
| Chesapeake | $287,257 | $285,000 | 25 | 99.1% | 2.1 |
| Portsmouth | $196,857 | $199,000 | 28 | 98.1% | 4.4 |
| Suffolk | $348,314 | $354,000 | 36 | 98.9% | 3.3 |
| Hampton | $215,392 | $220,000 | 26 | 92.2% | 3.5 |
| Newport News | $212,500 | $212,450 | 43 | 96.2% | 2.5 |
📘 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)
🔍 Dec. 2025 Hampton Roads Real Estate Market Highlights
🌊 Virginia Beach leads in both price and speed
Detached homes averaged $529K and sold in just 17 days, while attached homes moved even faster at 16 days with a strong 99.2% list‑to‑sale ratio.
- Median SP: $445K (detached), $300K (attached)
- Month’s Supply: 1.4 (detached), 1.8 (attached)
- Market Type: Strong seller’s market across both segments
🚢 Norfolk shows steady but slower attached activity
Detached homes sold in 23 days with a solid 97.9% of original list price received. Attached homes took longer at 33 days and saw higher supply levels.
- Median SP: $310K (detached), $255K (attached)
- Month’s Supply: 2.3 (detached), 4.3 (attached)
- Market Type: Balanced for detached; softening for attached
🌳 Chesapeake remains competitive and well‑balanced
Detached homes averaged $464K with a strong 98.2% list‑to‑sale ratio. Attached homes nearly matched that at 99.1% and sold in 25 days.
- Median SP: $442K (detached), $285K (attached)
- Month’s Supply: 1.7 (detached), 2.1 (attached)
- Market Type: Seller‑leaning for both segments
⚓ Portsmouth sees stronger performance in attached homes
Detached homes received 95.4% of original list price and sold in 27 days. Attached homes outperformed with a 98.1% ratio and similar 28‑day DOM.
- Median SP: $278.8K (detached), $199K (attached)
- Month’s Supply: 2.2 (detached), 4.4 (attached)
- Market Type: Detached: balanced; Attached: demand‑driven despite higher supply
🌾 Suffolk shows longer timelines across the board
Detached homes had one of the longest DOM at 36 days, while attached homes matched that timeline at 36 days but maintained a strong 98.9% list‑to‑sale ratio.
- Median SP: $377.5K (detached), $354K (attached)
- Month’s Supply: 2.6 (detached), 3.3 (attached)
- Market Type: Cooling but stable; attached shows resilient demand
🛠️ Hampton stays steady with balanced conditions
Detached homes sold in 23 days with a 97.8% list‑to‑sale ratio. Attached homes saw a lower 92.2% ratio and sold in 26 days.
- Median SP: $285K (detached), $220K (attached)
- Month’s Supply: 2.4 (detached), 3.5 (attached)
- Market Type: Balanced for detached; softening for attached
🚀 Newport News remains one of the region’s most affordable markets
Detached homes averaged $300K and sold in 22 days. Attached homes remained highly affordable at a $212.5K average and sold in 43 days.
- List-to-Sale Ratio: 96.7% (detached), 96.2% (attached)
- Month’s Supply: 2.2 (detached), 2.5 (attached)
- Market Type: Seller‑leaning for both segments
📚 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?
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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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