Virginia housing market data: median home price, year-over-year appreciation, inventory, months of supply, days on market, affordability, and what it means fo
Virginia is currently a warm market. The median sale price sits near $419,000, up 4.0% from a year ago, with roughly 27,199 active listings and 3.1 months of supply. Homes are going under contract in about 25 days on average.
Virginia's median sale price of $419,000 is 0.1% below the $419,300 national median, which places it 19 of 51 states by price level. Year-over-year appreciation of 4.0% ranks 19 of 51, so Virginia is currently a faster-appreciating state relative to the rest of the country.
Inside the South region, the median state price is $289,500, so Virginia runs 44.7% richer than its regional peers — the closest comparisons are Florida at $412,000, North Carolina at $372,000, Tennessee at $372,000, Georgia at $361,000. That gap matters for loan sizing: at the same rate, a Virginia file carries roughly $129,500 more balance than the regional median, which changes qualifying income and the value of a rate-and-term option.
No individual Virginia metro is broken out in this dataset, so the state figure is the most granular number we publish here. For submarket detail, work from county records and your MLS rather than treating the Virginia median as a local comp.
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Virginia is currently a warm market. The median sale price sits near $419,000, up 4.0% from a year ago, with roughly 27,199 active listings and 3.1 months of supply. Homes are going under contract in about 25 days on average.
Affordability remains the binding constraint. At the current national average 30-year fixed rate near 6.42%, the typical payment on a median-priced home in Virginia runs about $2,770 per month including taxes and insurance, against a median rent near $2,139. That gap is what determines whether purchase conversations in this market start with payment, with price, or with a buydown structure.
Supply is close to balance, with price reductions on about 10% of active listings. Builder incentives are limited, and permits are running near 40,326 annualized units.
For originators, the practical read is this: pre-approval speed and appraisal-gap strategy still win deals here, and Realtor partnerships should emphasize how fast you can turn a fully underwritten approval.
Virginia currently reads as a warm market with 3.1 months of supply. Balanced is generally considered four to six months, so this market is close to balance.
The median sale price is approximately $419,000 as of 7/24/2026, up 4.0% from a year earlier.
No. Median prices are up about 4.0% year over year, though the pace of appreciation has slowed considerably from the 2021 peak.
The typical down payment on a closed transaction is near $55,744, and the resulting payment at the current national average 30-year fixed rate is roughly $2,770 per month including taxes and insurance. Low-down-payment FHA, VA, and conventional 3% options can materially reduce the cash required.
Our directional 12-month range is +2.4% to +5.8% on median price. Confidence is moderate; the rate path is the dominant variable.
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