Virginia Bank Owned Homes

Bank owned properties may also be referred to as Virginia REO properties. REO stands for “real estate owned” and is used to refer to these properties because they are real estate owned by the bank.

Finding Virginia Bank Owned (REO) Properties

Bank owned homes or REOs for sale in Virginia are usually marketed by the bank or lender that owns the property. Although some banks may work with real estate agents or other professionals to sell these properties. Most banks have an REO division dedicated to working out deals with VA buyers like you.

RealtyTrac’s listings of real estate owned in VA are the most up - to - date in the country and include as much information as possible about these properties. Use the filter function to focus on your target market and review all available information before contacting the bank and making an offer.

Market Overview for Bank Owned (REO) Properties in Virginia

County Median Est. Val
Prince William
$397,450
$255.00/sqft
Newport News City
$186,100
$121.00/sqft
Fairfax
$922,650
$296.00/sqft
Chesterfield
$241,400
$149.00/sqft
Henrico
$201,800
$140.50/sqft
Portsmouth City
$230,500
$160.00/sqft
Nelson
$89,520
$65.00/sqft
Orange
$262,850
$99.50/sqft
Roanoke City
/sqft
Roanoke
$143,600
$78.00/sqft