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

In September 2025, Hampton Roads saw a median sale price of $365,000, homes averaging 20 days on market, and a total of 2,514 homes sold. Inventory climbed to 6,372 active listings, giving buyers more choices while sellers adjusted to slightly longer timelines.

Hampton Roads Market Overview

Regional snapshot + Southside vs Peninsula + City highlights (latest data)

🏷️

Median Sale Price

$365,000
↓ 2.6% MoM
Region-wide
🕒

Median Days on Market

20 days
↑ 17.6% vs last month
Faster is better
📊

Homes Sold

2,514
↓ 4.5% MoM
Closed sales
📈

Sold Price / List Price Ratio

99.5%
↓ 0.3 pts
Pricing power
🏘️

Active Inventory

6,372
↑ from July (5,664)
More choices
📦

Months’ Supply

2.5
↑ vs prior month
Balanced ≈ 4–6 mos
🆕

New Listings

3,511
↑ vs last month
Fresh supply
💵

Median $/Sq Ft

$214
↑ slightly MoM
Price density

Southside vs Peninsula

Southside
  • Active: 3,695
  • Pending: 1,715
  • Sold: 1,775
  • Median Sale Price: $375,500
  • Months’ Supply: 2.63
Peninsula
  • Active: 1,585
  • Pending: 621
  • Sold: 651
  • Median Sale Price: $345,000
  • Months’ Supply: 2.80

City Snapshot

Norfolk
Median Price
$324,000 ↓ 4%
DOM
24 ↑ 7 days
Sold
225 ↓ 17%
Virginia Beach
Median Price
$401,000 ↓ 1%
DOM
18 ↑ 2 days
Sold
498 ↓ 18%
Chesapeake
Median Price
$431,150 ↑ 4%
DOM
21 ↑ 4 days
Sold
303 ↓ 20%
Portsmouth
Median Price
$259,900 ↓ 4%
DOM
27 ↑ 5 days
Sold
119 ↓ 21%
Suffolk
Median Price
$396,500 ↓ 4%
DOM
37 ↑ 10 days
Sold
128 ↓ 18%
Hampton
Median Price
$299,900 ↑ 5%
DOM
19 ↓ 4 days
Sold
155 ↓ 14%
Newport News
Median Price
$307,000 ↑ 1%
DOM
22 ↑ 6 days
Sold
169 ↓ 9%

Source: REIN-MLS / DOMUS Analytics

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.

Ready to Talk About Your Home’s Value?

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.

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