Markets › Virginia
Virginia housing market
In the Old Dominion, part of the Census Bureau's South Atlantic division, Pecan Street tracks nine markets. Median sale prices run from $313K in Blacksburg to $484K in Charlottesville over Jul–Sep 2026. Six of nine are higher than a year earlier, two are lower and one is unchanged; Staunton leads at +8.7% and Blacksburg trails at -2.8%.
Homes sit longest in Blacksburg (65 median days on market) and sell fastest in Richmond (44 days). The share of active listings with a price cut runs from 30% in Charlottesville to 46% in Roanoke. Price-to-rent ratios run from about 13 in Roanoke to 20 in Charlottesville, measured as years of HUD Fair Market Rent per median sale price. Among the 383 U.S. metros Pecan Street tracks, the Staunton metro has the 22nd-fastest year-over-year price growth. Virginia's unemployment rate was 3.6% in Sep 2026 (BLS via FRED), below the national rate of 4.2%.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Blacksburg | $313K | -2.8% | 65 | 41% | ≈ 15 |
| Charlottesville | $484K | +5.1% | 59 | 30% | ≈ 20 |
| Harrisonburg | $356K | +3.0% | 51 | 38% | ≈ 17 |
| Lynchburg | $323K | +4.5% | 59 | 38% | ≈ 17 |
| Richmond | $417K | +3.1% | 44 | 40% | ≈ 17 |
| Roanoke | $322K | 0.0% | 59 | 46% | ≈ 13 |
| Staunton | $360K | +8.7% | 53 | 44% | ≈ 18 |
| Virginia Beach / Norfolk | $384K | +3.5% | 45 | 34% | ≈ 14 |
| Winchester | $411K | -1.9% | 50 | 44% | ≈ 18 |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.
Recent signals
No market signals flagged across this state right now.