Key Takeaways

• In October, home sales continued their upward trajectory since this summer. There were 9,006 closed sales across the Commonwealth, 274 more sales than a year ago, a 3.1% increase.
• Home prices went up in almost six out of 10 local markets in Virginia. The statewide median sales price was $430,000 in October 2025, going up $15,000 since last year, increasing by 3.6%.
• A combination of higher sales and rising home prices led to a significant increase in sold dollar volume. There was approximately $4.9 billion sold volume throughout Virginia in October. This is about $400 million more than the same time last year, an 8.1% increase.
• At the end of October, there were 25,196 active listings on the market across Virginia. This represents 5,154 more listings than last year, which is a 25.7% jump in inventory levels.

Outlook

Virginia’s housing market in October 2025 saw continued momentum as evidenced by higher sales levels along with an increase in inventory. Here are some key trends to watch over the coming months:

• Mortgage rates have stayed in the lower 6% range for a couple months now. This has encouraged more buyer activity in the market and is likely to continue over the next few months.
• At the same time, higher inventory options are likely to encourage more buyer interest.
• Economic uncertainty along with a cooling labor market continues to pose a risk to consumer sentiment and is likely to negatively impact Virginia residents’ big purchase decisions such as buying a home.

Read the full October 2025 Virginia Home Sales Report for detailed market trends and insights.