Virginia Home Values & Market Trends

There have been 121,556 properties sold in the Virginia real estate market trends. Median home values in the Virginia housing market are $378,465.16. The median residential home value for transactions over the last 12 months is 351,244.473. The State of Virginia currently has 1,979 properties in foreclosure, 268 bank owned properties, and 1,711 headed for auction.

Virginia Real Estate Market Overview

CountyMedian Est. ValueCountyMedian Est. Value
Fairfax

$ 809,144

$ 372/sqft

Prince Edward

$ 299,000

$ 174/sqft

Loudoun

$ 719,990

$ 290/sqft

Lee

$ 192,450

$ 112/sqft

Prince William

$ 576,676

$ 241/sqft

Patrick

$ 138,051

$ 88/sqft

Chesterfield

$ 405,950

$ 196/sqft

Madison

$ 439,000

$ 209/sqft

Henrico

$ 405,000

$ 227/sqft

Southampton

$ 280,000

$ 131/sqft

Stafford

$ 525,131

$ 200/sqft

Buckingham

$ 274,925

$ 138/sqft

Spotsylvania

$ 431,165

$ 196/sqft

Richmond

$ 288,000

$ 159/sqft

Hanover

$ 508,725

$ 214/sqft

Mathews

$ 305,000

$ 183/sqft

Arlington

$ 818,030

$ 488/sqft

Giles

$ 308,226

$ 153/sqft

Albemarle

$ 609,000

$ 243/sqft

Brunswick

$ 198,117

$ 93/sqft

Frederick

$ 427,379

$ 196/sqft

Russell

$ 169,740

$ 84/sqft

Rockingham

$ 384,886

$ 196/sqft

Cumberland

$ 272,626

$ 167/sqft

Fauquier

$ 619,000

$ 264/sqft

Amelia

$ 365,575

$ 206/sqft

James City

$ 510,888

$ 212/sqft

Rappahannock

$ 575,000

$ 287/sqft

Montgomery

$ 405,000

$ 179/sqft

Nottoway

$ 137,660

$ 115/sqft

Accomack

$ 330,245

$ 200/sqft

Lunenburg

$ 189,900

$ 102/sqft

Louisa

$ 496,806

$ 231/sqft

Surry

$ 300,000

$ 189/sqft

Isle Of Wight

$ 388,723

$ 180/sqft

Radford

$ 270,264

$ 146/sqft

Culpeper

$ 516,144

$ 199/sqft

Essex

$ 285,000

$ 178/sqft

Bedford

$ 350,000

$ 172/sqft

Salem

$ 295,296

$ 157/sqft

Orange

$ 402,489

$ 202/sqft

King And Queen

$ 267,000

$ 169/sqft

Westmoreland

$ 319,900

$ 196/sqft

Alleghany

$ 202,070

$ 102/sqft

Shenandoah

$ 342,651

$ 199/sqft

Dickenson

$ 120,000

$ 68/sqft

Warren

$ 414,656

$ 228/sqft

Charles City

$ 278,418

$ 213/sqft

Gloucester

$ 379,900

$ 198/sqft

Bath

$ 615,000

$ 236/sqft

Washington

$ 312,586

$ 136/sqft

Buchanan

$ 130,320

$ 63/sqft

Franklin

$ 521,884

$ 247/sqft

Greensville

$ 202,921

$ 128/sqft

Augusta

$ 416,685

$ 183/sqft

Sussex

$ 296,826

$ 188/sqft

Page

$ 302,400

$ 181/sqft

Floyd

$ 283,403

$ 189/sqft

Caroline

$ 332,632

$ 208/sqft

Charlotte

$ 305,662

$ 113/sqft

Mecklenburg

$ 272,324

$ 149/sqft

Bland

$ 116,943

$ 73/sqft

York

$ 410,000

$ 195/sqft

King William

$ --

$ --

Wythe

$ 198,156

$ 123/sqft

Highland

$ 266,025

$ 150/sqft

Roanoke

$ 362,475

$ 162/sqft

Craig

$ 503,642

$ 202/sqft

Northumberland

$ 479,750

$ 242/sqft

Covington

$ --

$ --

King George

$ 440,451

$ 197/sqft

Fredericksburg

$ --

$ --

Campbell

$ 267,425

$ 148/sqft

Martinsville

$ --

$ --

Henry

$ 117,337

$ 79/sqft

Colonial Heights

$ --

$ --

Powhatan

$ 517,078

$ 211/sqft

Buena Vista

$ --

$ --

Rockbridge

$ 358,119

$ 181/sqft

Hopewell

$ --

$ --

Fluvanna

$ 385,706

$ 207/sqft

Waynesboro

$ --

$ --

Greene

$ 367,500

$ 188/sqft

Hampton

$ --

$ --

Bristol

$ 245,621

$ 115/sqft

Suffolk

$ --

$ --

Prince George

$ 349,925

$ 189/sqft

Winchester

$ --

$ --

Scott

$ 252,393

$ 121/sqft

Norfolk

$ --

$ --

Pulaski

$ 229,000

$ 117/sqft

Manassas

$ --

$ --

Lancaster

$ 470,632

$ 232/sqft

Virginia Beach

$ --

$ --

Carroll

$ 173,766

$ 113/sqft

Williamsburg

$ --

$ --

Goochland

$ 799,950

$ 263/sqft

Staunton

$ --

$ --

Halifax

$ 140,790

$ 99/sqft

Norton

$ --

$ --

Tazewell

$ 184,424

$ 89/sqft

Poquoson

$ --

$ --

Wise

$ 137,242

$ 80/sqft

Chesapeake

$ --

$ --

New Kent

$ 430,992

$ 196/sqft

Galax

$ --

$ --

Amherst

$ 311,764

$ 154/sqft

Lexington

$ --

$ --

Clarke

$ 500,070

$ 224/sqft

Petersburg

$ --

$ --

Grayson

$ 236,463

$ 129/sqft

Alexandria

$ --

$ --

Northampton

$ 489,102

$ 261/sqft

Portsmouth

$ --

$ --

Smyth

$ 158,477

$ 85/sqft

Newport News

$ --

$ --

Dinwiddie

$ 261,312

$ 193/sqft

Lynchburg

$ --

$ --

Middlesex

$ 494,684

$ 219/sqft

Harrisonburg

$ --

$ --

Botetourt

$ 359,900

$ 169/sqft

Charlottesville

$ --

$ --

Nelson

$ 479,035

$ 229/sqft

Falls Church

$ --

$ --

Appomattox

$ 275,000

$ 163/sqft

Danville

$ --

$ --

Pittsylvania

$ 188,833

$ 99/sqft

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Housing Market Summary for Virginia

May 2023April 2024Change
Median Listing Price$400K$380K-4.99%
Median Sold Price$359.8K$380K5.61%
Homes For Sale13,25213,7473.74%
Homes Sold64,73564,483-0.39%
Price
$/Sqft
Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Virginia

There are currently 14,231 properties for sale in Virginia. The current home value ranges in price from 1,295 to 24,000,000. The total count of properties in the state is 2,899,129, and the percentage of properties for sale is 14231.00%.

Foreclosure
There are 127 counties within Virginia; within these counties, the median estimated home value for homes in foreclosure ranges from $1,090,024 in Brunswick to the lowest value of $25,190 in Brunswick. Foreclosure homes account for 0.00% of properties in Virginia with Fairfax containing 172 foreclosures, the highest number of foreclosure properties in a single county.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Virginia with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 127 counties within Virginia; of those counties, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Virginia ranges from the highest value of $234,000 in Rappahannock to the lowest value of $29,043 in Brunswick. Bank owned homes and properties account for 0.01% of properties in Virginia. There are 127 counties within Virginia; Franklin containing 8 REO properties, has the highest number of bank owned properties in a single county.
  • Auctions
    Fairfax has 165 auction properties, the highest number of properties going to auction in a single county in the state of Virginia. Auction homes and other auction properties account for 0.06% of all properties in Virginia. There are 127 counties within Virginia; of those counties, the median estimated home value for homes going to auction ranges from $4,691,489 in Rappahannock to the lowest value of $25,190 in Rappahannock.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.49% of residential properties in Virginia with Fairfax containing 1772 homes for sale, the highest number of listed properties in a single county. There are 127 counties within Virginia; homes for sale in those counties, have a range of median values from $1,603,977 in Rappahannock to the lowest value of $6,758 in Brunswick.
    Sold Homes
    The median value for recently sold homes ranges from $425,000 in King William to the lowest price of $1,097 in King William. There are 127 counties within Virginia. Fairfax has 8357 recently sold homes, the highest number of recently sold properties in a single county. Recently sold homes and properties account for 2.27% of properties in Virginia.

      Compare Nearby Cities

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      Guide for Virginia

      Market Reports
      Richmond Real Estate on the Rise: Property Values Up 7% from 2023 to 2024
      Market Reports
      Steady Growth Marks Norfolk Real Estate Landscape; Property Value Reaches $315K in March 2024
      Market Reports
      Chesapeake Property Values Rise 7%, Sales Dynamics Vary in Recent Analysis
      Market Reports
      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
      See More Articles
      Richmond Real Estate on the Rise: Property Values Up 7% from 2023 to 2024
      Market Reports|posted 1 April 2024

      Richmond’s real estate market shows consistent growth, with trends indicating increasing property values and demand.

      Steady Growth Marks Norfolk Real Estate Landscape; Property Value Reaches $315K in March 2024
      Market Reports|posted 25 March 2024

      A glance at the real estate market in Norfolk, Virginia, highlighting rising property values, increasing desirability, and trends in nearby cities.

      Chesapeake Property Values Rise 7%, Sales Dynamics Vary in Recent Analysis
      Market Reports|posted 20 March 2024

      The Chesapeake real estate market has seen steady growth in property values, increasing by 7% over 11 months.

      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
      Market Reports|posted 13 February 2024

      The property market in Virginia Beach, VA, has generally seen an increase in property values, per square foot values, and sold prices from 2022 to 2023. Factors such as economic growth and societal changes may contribute to this upward trend.