Newport News, VA Real Estate Market Trends & Home Values

Newport News, VA Market Overview

Real estate market trends reflect that there have been 3875 transactions over the past year in Newport News. The median value for residential home transactions that occurred over the previous year is $249,081. The number of current listings in Newport News is 243, and the percentage of properties for sale in the city is 76.4%. Newport News, VA currently has 75 properties in foreclosure, 5 bank owned properties, 70 properties headed for auction, and 243 properties for sale.

Active Residential Inventory

318

Total Inventory

Recently Sold Properties

1,993

Total Sales (Last 6 Months)

Foreclosures ( 75 )

23.6%

Pre-foreclosures ( 0 )

Bank Owned ( 5 )

1.6%

Auctions ( 70 )

22.0%

For Sale ( 243 )

76.4%

Newport News, VA Home Values

$249,081

Newport News home values range from $10,608 to $12,411,454. The median estimated value of a home in Newport News is $249,081. The median list price of a home is $258,300, and the total count of properties in the city is 48,080.

Newport News, VA Real Estate Market Overview

Newport News, VA Foreclosures Market Overview

Last 24 Hours

Zip Code	Median Est. Value
23606	$356,120 $180.00/sqft
23603	$317,141 $191.50/sqft
23601	$272,744 $158.00/sqft
23602	$267,732 $162.00/sqft
23608	$242,788 $162.50/sqft
23605	$189,410 $143.00/sqft
23607	$107,561 $80.00/sqft

There are 7 zip codes within Newport News, VA; within these zip codes, the median estimated home value for homes in foreclosure ranges from $968,678 in 23602 to the lowest value of $57,421 in 23607. Foreclosure homes account for 0.16% of properties in Newport News, VA with 23608 containing 18 foreclosures, the highest number of foreclosure properties in a single zip code.