The typical home value in
Virginia
is projected to be
$488,050
for the month of
July.
June’s
finalized data reported the typical value of a home in the
state
to be
$485,400—up
5.09%
over the previous 12 months.
Virginia
had
12,330
new listings and
11,813
listings that went under contract in
June,
decreasing
the area’s total available inventory to
22,913—down
2.28%
from the previous month. Inventory is projected to have further
decreased
in
July.
Of those
22,913
active listings,
31.25%
reduced their price in the month of
June.
The median listing price for homes in
Virginia
fell
5.9%
from
May
to
June,
bringing the current median listing price to
$470,900.
Based on projected data for
July,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
fell
year-over-year. In
June 2025,
the median time for a listed property to go pending was
28
days, compared to
34
days in
June 2024.
In recent months the median number of days from listed to pending appears to be steady.
That trend is predicted to have carried through to this
July.