📊Market Stats
🏡 Hampton Roads Market Stats (Updated Monthly): 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 March 2026 (Updated Monthly)
🏡 Detached Properties – March 2026
| City | Avg SP | Median SP | Median DOM | % Original LP Received |
Month’s Supply |
|---|---|---|---|---|---|
| Virginia Beach | $530,949 | $442,000 | 12 | 99.8% | 1.6 |
| Norfolk | $342,156 | $318,000 | 21 | 98.2% | 1.9 |
| Chesapeake | $459,680 | $415,000 | 18 | 99.4% | 1.6 |
| Portsmouth | $270,355 | $273,500 | 25 | 97.2% | 1.9 |
| Suffolk | $383,635 | $381,000 | 18 | 99.7% | 2.8 |
| Hampton | $289,780 | $289,500 | 32 | 97.4% | 1.9 |
| Newport News | $319,686 | $322,500 | 21 | 98.1% | 1.9 |
🏡 Attached Properties – March 2026
| City | Avg SP | Median SP | Median DOM | % Original LP Received |
Month’s Supply |
|---|---|---|---|---|---|
| Virginia Beach | $351,527 | $315,000 | 18 | 99.5% | 1.9 |
| Norfolk | $290,319 | $253,750 | 30 | 96.4% | 4.0 |
| Chesapeake | $305,956 | $290,000 | 18 | 99.5% | 1.6 |
| Portsmouth | $195,864 | $200,000 | 16 | 92.7% | 3.4 |
| Suffolk | $290,046 | $292,000 | 25 | 99.9% | 6.4 |
| Hampton | $202,818 | $226,500 | 56 | 99.0% | 3.5 |
| Newport News | $242,456 | $237,850 | 44 | 98.1% | 2.7 |
📘 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)
🔍 Feb. 2026 Hampton Roads Real Estate Market Highlights
🌊 Virginia Beach continues to lead with strong demand
Detached homes held firm with a 99.8% list‑to‑sale ratio and a 12‑day median DOM. Attached homes mirrored that strength, hitting 99.5% and selling in just 18 days.
- Median SP: $442,000 (detached), $315,000 (attached)
- Month’s Supply: 1.6 (detached), 1.9 (attached)
- Market Type: Clear seller’s market across both segments
🚢 Norfolk’s attached inventory climbs while detached stays steady
Detached homes moved in 21 days with a 98.2% list‑to‑sale ratio. Attached homes carried one of the higher supplies in the region at 4.0 months, with a 96.4% ratio and a 30‑day median DOM.
- Median SP: $318,000 (detached), $253,750 (attached)
- Month’s Supply: 1.9 (detached), 4.0 (attached)
- Market Type: Detached: seller‑leaning; Attached: shifting toward balance
🌳 Chesapeake remains competitive with strong pricing
Detached homes averaged $459,680 with a 99.4% list‑to‑sale ratio and an 18‑day median DOM. Attached homes stayed highly competitive as well, with a 99.5% ratio and an 18‑day median DOM, keeping the market firmly seller‑leaning.
- Median SP: $415,000 (detached), $290,000 (attached)
- Month’s Supply: 1.6 (detached), 1.6 (attached)
- Market Type: Seller‑leaning for both segments
⚓ Portsmouth’s attached market stays quick but price‑sensitive
Detached homes sold in 25 days with a 97.2% list‑to‑sale ratio. Attached homes moved even faster at just 16 days on market, though a 92.7% list‑to‑sale ratio and 3.4 months of supply point to a more price‑sensitive segment.
- Median SP: $273,500 (detached), $200,000 (attached)
- Month’s Supply: 1.9 (detached), 3.4 (attached)
- Market Type: Detached: balanced; Attached: price‑sensitive with active buyers
🌾 Suffolk shows deeper inventory on the attached side
Detached homes sold in 18 days with a 99.7% list‑to‑sale ratio, keeping that segment firmly seller‑leaning. Attached homes saw the region’s highest supply at 6.4 months, with a 99.9% ratio and a 25‑day median DOM—showing buyers have options, but demand is still strong.
- Median SP: $381,000 (detached), $292,000 (attached)
- Month’s Supply: 2.8 (detached), 6.4 (attached)
- Market Type: Detached: strong seller’s market; Attached: inventory‑rich but demand‑supported
🛠️ Hampton sees slower movement but steady ratios
Detached homes sold in 32 days with a 97.4% list‑to‑sale ratio. Attached homes moved more slowly at 56 days on market but still held a strong 99.0% ratio, keeping conditions relatively balanced.
- Median SP: $289,500 (detached), $226,500 (attached)
- Month’s Supply: 1.9 (detached), 3.5 (attached)
- Market Type: Balanced for both segments
🚀 Newport News remains one of the region’s most affordable markets
Detached homes sold in 21 days with a 98.1% list‑to‑sale ratio. Attached homes stayed budget‑friendly and moved in 44 days while maintaining a 98.1% ratio, reinforcing its role as an accessible option for buyers.
- Median SP: $322,500 (detached), $237,850 (attached)
- Month’s Supply: 1.9 (detached), 2.7 (attached)
- Market Type: Seller‑leaning for detached; balanced‑to‑seller‑leaning for attached
📚 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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