📊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 Snapshot (Updated Monthly)
🏡 Detached Properties – September 2025
| City | Avg SP | Median SP | Median DOM | % Original LP Received |
Month’s Supply |
|---|---|---|---|---|---|
| Virginia Beach | $676,143 | $480,000 | 13 | 99.5% | 1.9 |
| Norfolk | $370,347 | $324,950 | 18 | 98.7% | 2.8 |
| Chesapeake | $479,315 | $437,500 | 19 | 98.3% | 2.6 |
| Portsmouth | $294,923 | $295,000 | 21 | 98.6% | 2.4 |
| Suffolk | $462,549 | $427,450 | 32 | 98.5% | 4.1 |
| Hampton | $308,759 | $300,000 | 20 | 98.4% | 3.1 |
| Newport News | $375,516 | $300,000 | 37 | 96.6% | 3.0 |
🏡 Attached Properties – September 2025
| City | Avg SP | Median SP | Median DOM | % Original LP Received |
Month’s Supply |
|---|---|---|---|---|---|
| Virginia Beach | $357,709 | $305,000 | 15 | 99.4% | 2.5 |
| Norfolk | $359,119 | $298,000 | 38 | 97.4% | 5.4 |
| Chesapeake | $326,428 | $300,000 | 18 | 99.4% | 3.0 |
| Portsmouth | $194,969 | $192,500 | 14 | 98.1% | 4.3 |
| Suffolk | $367,346 | $350,000 | 29 | 100.0% | 5.4 |
| Hampton | $274,167 | $272,450 | 32 | 98.6% | 2.6 |
| Newport News | $225,647 | $243,000 | 22 | 97.4% | 3.6 |
📘 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)
🔍 September 2025 Market Trend Highlights
🌊 Virginia Beach leads in price and speed
Detached homes averaged $676K and sold in just 13 days—highest price and fastest pace in the region.
- Attached DOM: 15 days
- List-to-Sale Ratio: 99.4%
- Market Type: Strong seller’s market
🌾 Suffolk shows signs of shifting
Detached homes had the longest DOM and highest supply, while attached homes sold at 100% of list.
- Detached DOM: 32 days
- Month’s Supply: 4.1
- Attached List-to-Sale: 100%
🏙️ Norfolk’s attached market is cooling
Longer DOM and higher supply suggest more negotiation room and slower buyer activity.
- Attached DOM: 38 days
- Month’s Supply: 5.4
- List-to-Sale Ratio: 97.4%
⚖️ Chesapeake remains steady and competitive
Homes are selling quickly and close to asking price across both property types.
- Detached DOM: 19 days
- Attached DOM: 18 days
- List-to-Sale: 98.3%–99.4%
💡 Portsmouth punches above its price point
Affordable homes selling fast and close to asking—ideal for first-time buyers and investors.
- Detached DOM: 21 days
- Attached DOM: 14 days
- List-to-Sale: 98.1%–98.6%
🕰️ Newport News & Hampton offer flexibility
Longer DOM and lower list-to-sale ratios suggest more time and options for buyers.
- Detached DOM: 37 (NN), 20 (Hampton)
- List-to-Sale: 96.6% (NN), 98.4% (Hampton)
- Market Type: Balanced to buyer-friendly
📊 Interactive Market Snapshot
Explore live housing trends across Hampton Roads with this interactive chart powered by Domus Analytics. Use the dropdowns to filter by city, property type, and time frame.
📚 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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