Hampton Roads Housing Market Overview – September 2025

The Hampton Roads real estate market is always evolving, and staying up to date on the latest housing trends is essential whether you’re buying, selling, investing, or simply keeping an eye on your neighborhood. Below you’ll find a full market snapshot covering the entire Hampton Roads region, along with a city-by-city breakdown for Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Hampton, and Newport News. All data is sourced directly from the REIN MLS and DOMUS Analytics — giving you the same market intelligence that local REALTORS® rely on.


Hampton Roads Market at a Glance

The Real Estate Market is Always Moving, Are you?

Whether you're thinking about buying, selling, or simply staying informed, understanding key trends is essential to making confident decisions.

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✔️ Interest rates, home prices & local trends
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Every home is unique — and so is every neighborhood. If you’d like a personalized market analysis for your home in Hampton Roads, contact Jennifer Dawn today. Let’s talk about your goals and create a plan that works for you.

Local City Market Snapshots

Each city in Hampton Roads has its own housing story. This is a quick look at how Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Hampton, and Newport News compared last month.

Hampton Roads Market Overview

Regional snapshot + Southside vs Peninsula + City highlights (September 2025)

🏷️

Median Sale Price

$356,016
↓ 0.5% vs last month
Region-wide
🕒

Median Days on Market

21 days
↑ 5.0% vs last month
Lower is faster
📊

Homes Sold

1,574
↓ 11.7% vs last month
Closed sales
📈

Sold Price / List Price

99.8%
— no change
Pricing power
🏘️

Active Inventory

4,067
↓ 6.6% vs last month
Homes for sale
📦

Months’ Supply

2.6
↑ 5.7% vs last month
Balanced ≈ 4–6 months
🆕

New Listings

2,201
↓ 8.0% vs last month
Fresh supply
💵

Median $/Sq Ft

$213
↑ 1.4% vs last month
Price density

Southside vs Peninsula

Southside
  • Active: 3,296
  • New Under Contract: 1,426
  • Sold: 1,288
  • Median Sale Price: $372,750
  • Median Days on Market: 20
  • Sold / List: 99.9%
  • Median $/Sq Ft: $219
  • Months’ Supply: 2.6
Peninsula
  • Active: 771
  • New Under Contract: 319
  • Sold: 286
  • Median Sale Price: $299,950
  • Median Days on Market: 26
  • Sold / List: 99.2%
  • Median $/Sq Ft: $186
  • Months’ Supply: 2.7

City Snapshot

Norfolk
Median Price
$320,000 ↓ 2.7%
Days on Market
21
Sold
215 ↓ 16.3%
Virginia Beach
Median Price
$405,000 ↑ 1.3%
Days on Market
16 ↑ 6.7%
Sold
484 ↓ 12.3%
Chesapeake
Median Price
$412,500 ↓ 2.9%
Days on Market
20 ↑ 2.6%
Sold
299 ↓ 11.2%
Portsmouth
Median Price
$285,700 ↑ 7.8%
Days on Market
23 ↑ 27.8%
Sold
142 ↑ 4.4%
Suffolk
Median Price
$410,000 ↑ 2.5%
Days on Market
31 ↓ 11.4%
Sold
148 ↓ 16.2%
Hampton
Median Price
$299,900
Days on Market
28 ↑ 12.0%
Sold
134 ↓ 22.0%
Newport News
Median Price
$300,000 ↓ 2.0%
Days on Market
24
Sold
152 ↓ 15.1%

Source: REIN / Domus Analytics (September 2025).

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