VIRGINIA (WAVY) – With nearly half of 2025 completed, the state of Virginia has seen a steady price increase in the housing market, as smaller markets are quietly recording larger percentage gains in the state compared to the previous year.
The Hampton Roads area have seen a 4.6% increase compared to 2024, according to Virginia Realtors. The median price for homes has risen from $329,000 to $345,000, which is due in part to the influx of military employment, port activity, and a growing interest in coastal living.
Richmond has seen a 5.1% increase, from $370,000 to $389,975, as it’s described by Virginia Realtors as the Commonwealth’s “strongest-performing real estate markets.”
This title is due in part to the city’s economic diversity, urban revitalization, and appeal to first-time buyers and the workforce are driving steady price growth.
The northern Virginia (NOVA) area continues to remain the state’s price leaders, but markets like Roanoke, Lynchburg, and Blacksburg are seeing some of the highest percentage gains.
For those who are interested in more information on housing, demographic and economic trends in Virginia can visit the link here.
