Key Takeaways

• Home sales activity in Virginia increased in September, with sales levels continuing their upward trend since June. There were 8,783 closed sales across the commonwealth in September, 718 more sales than a year ago, an 8.9% increase.
• Home prices continued their upward trajectory in most local markets. The median sales price in Virginia was $420,000 in September 2025, seeing a modest increase of $800 since last year, going up 0.2%.
• Higher sales levels along with rising home prices led to a significant increase in sold dollar volume. There was approximately $4.7 billion sold volume throughout Virginia in September. This is about $500 million more than the same time last year, a 13.1% increase.
• At the end of September, there were 24,759 active listings on the market across Virginia. This represents 4,995 more listings than last year, which is a 25.3% jump in inventory levels.

Outlook

The housing market in September 2025 saw higher inventory levels paired with higher sales levels along with continued price growth. Here are some key trends to watch over the coming months:

• The recent drop in mortgage rates landing them in the lower 6% range has encouraged many rate-sensitive buyers to enter the market and is likely to lead to higher activity over the next couple months.
• Higher inventory options are likely to provide much needed supply side relief to Virginia’s housing market.
• Broader economic uncertainty along with weaknesses in the labor market is likely to negatively impact housing market decisions over the next few months.

You can view the full September 2025 Virginia Home Sales Report here.