Virginia started 2025 with a total of 9,727 single-family homes on the market, with a median home price of $404,900 and an average price per square foot of $247.85. By the end of the year, inventory had increased to 12,619 homes on the market (+30%), with a median home price of $429,900 (+6%), and an average price per square foot of $241 (-3%).
At the start of 2025, the median days on market (DOM) was 77 days – by the end of the year, median DOM had decreased to 77 days.
Virginia started the year with 33.27% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 35.58% of homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that Virginia started 2025 as a seller's market, with an MAI score of 33; by the end of the year, the MAI had increased to 36 – a seller's market.Market Update for June 9, 2026
