Posted on Apr 7, 2025

Virginia’s real estate market has shown mixed trends so far in 2025. Below are the key highlights:

Home Prices

The median home price in Virginia has continued its upward trend.
In February 2025, the median sales price reached $403,500, marking a 4.9% increase compared to the same month last year.

Inventory and Sales

Housing inventory has seen a significant increase.
As of the end of February, there were 17,529 active listings on the market—a 21.6% rise compared to the previous year.
However, home sales have declined.
In February, 6,129 homes were sold statewide, representing a 9% decrease from February 2024. (Source: Virginia Realtors)

Regional Trends

• Northern Virginia:
  In February 2025, there were 937 home sales, an 8.1% decrease compared to the previous year.
  Despite the drop in sales, active inventory rose by 31.8%, reaching 1,520 available homes.
  (Source: MarketWatch)
• Richmond:
  The city has been highlighted as one of the most dynamic housing markets in 2025, with home prices rising due to high demand and fast sales.
  (Source: Axios)

Forecast for the Rest of the Year

Sales activity is expected to improve throughout 2025, driven by strong demand and growing inventory.
However, home prices are likely to continue rising, although at a more moderate pace across most Virginia markets.
(Source: Virginia Realtors)

Conclusion

Virginia’s housing market in 2025 presents a mixed picture.
While home prices continue to rise and inventory is improving, sales have seen a slowdown.
It's essential for buyers and sellers to stay informed about local trends in order to make smart decisions in this dynamic market.