Virginia Housing Market Sees Increased Sales and Prices in September 2025

Strategic Insights -

The Virginia housing market experienced a surge in sales and prices in September 2025, with the median sales price reaching $420,000, up 0.2% from the previous year. Closed sales increased to 8,783, an 8.9% rise from September 2024, while sold dollar volume skyrocketed to $4.7 billion, a 13.1% jump year-over-year. The number of active listings on the market also grew, reaching 24,759, a 25.3% increase from the same period last year.

Key Takeaways:

  • Home sales in Virginia increased to 8,783 in September 2025, a 718-unit (or 8.9%) rise from the same month in 2024.
  • The median sales price in Virginia was $420,000 in September 2025, a 0.2% increase from the previous year.
  • Sold dollar volume in September 2025 reached $4.7 billion, a 13.1% increase from the same time last year.
  • The number of active listings on the market across Virginia grew to 24,759, a 25.3% increase from September 2024.
  • The recent drop in mortgage rates to the lower 6% range is expected to lead to higher housing market activity over the next couple of months.
  • Higher inventory options may provide supply-side relief to Virginia's housing market.
  • Broader economic uncertainty and weaknesses in the labor market may negatively impact housing market decisions over the next few months.

Statistics:

  • 8,783 closed sales in Virginia in September 2025, up 8.9% from September 2024.
  • Median sales price in Virginia in September 2025 was $420,000, up 0.2% from previous year.
  • Sold dollar volume in September 2025 was $4.7 billion, up 13.1% from same time last year.
  • 24,759 active listings on the market across Virginia, up 25.3% from September 2024.

Sources:

  • Virginia Association of REALTORS (VAR)