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Year-to-Date Overview of Home Prices in Virginia – Virginia REALTORS®

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Year-to-Date Overview of Home Prices in Virginia – Virginia REALTORS®


Virginia’s housing market is off to a steady start in 2025, with price trends shifting by region. While high-demand areas continue to see considerable price appreciation, smaller markets are quietly recording larger percentage gains in the state compared to the previous year. This blog analyzes the year-to-date (YTD) median sales prices from January to March 2025 for key metropolitan areas in the commonwealth. 

Northern Virginia 
  • 2025 YTD Median Price: $664,000 
  • 2024 YTD Median Price: $629,500 
  • YoY Change: +$34,500 (+5.2%) 

Northern Virginia continues to be the most expensive region in the state, with prices expected to keep rising through 2025. The year-to-date median home price is $664,000, an increase from $629,500 just a year ago. This $34,500 rise illustrates the area’s ongoing attractiveness to high-income professionals and federal employees. Although there are concerns about affordability, a strong job market and limited housing inventory are driving demand, which in turn keeps prices steadily increasing. 

 Hampton 
  • 2025 YTD Median Price: $345,000 
  • 2024 YTD Median Price: $329,000 
  • YoY Change: +$16,000 (+4.6%) 

The Hampton Roads region has experienced a notable increase in home values, with the year-to-date median price rising to $345,000, an increase of $16,000 compared to last year. This 4.6% gain reflects strong buyer demand in the area, driven primarily by military employment, port activity, and a growing interest in coastal living.  

Richmond 
  • 2025 YTD Median Price: $389,975 
  • 2024 YTD Median Price: $370,000 
  • YoY Change: +$19,975 (+5.1%) 

Richmond remains one of Virginia’s strongest-performing real estate markets, with its year-to-date median sales price reaching $389,975, reflecting an increase of nearly $20,000 compared to last year. The city’s economic diversity, urban revitalization, and appeal to first-time buyers and the workforce are driving steady price growth.  

Roanoke 
  • 2025 YTD Median Price: $293,475 
  • 2024 YTD Median Price: $274,750 
  • YoY Change: +$18,725 (+6.4%) 

Roanoke’s year-to-date median home price jumped by more than 6%, climbing from $274,750 to $293,475 compared to this time last year. This $18,725 gain reflects a growing demand for affordable housing options outside of Virginia’s urban cores. With a combination of small-town charm and economic growth initiatives, Roanoke is attracting both retirees and younger buyers seeking value. 

 Lynchburg 
  • 2025 YTD Median Price: $300,000 
  • 2024 YTD Median Price: $281,000 
  • YoY Change: +$19,000 (+6.3%) 

Lynchburg stands out as one of the fastest-growing markets in Virginia, with a 6.3% increase pushing the median price to $300,000. That’s up from $281,000 a year ago. The $19,000 gain highlights how smaller metros are gaining traction as affordability pressures in larger markets push buyers into less competitive regions. Educational institutions and stable employment continue to support the area’s growth. 

 Charlottesville 
  • 2025 YTD Median Sales Price: $479,001 
  • 2024 YTD Median Sales Price: $449,950 
  • YoY change: +$29,051(+6.1%) 

As of this year, Charlottesville’s median sales price has climbed to $479,001, marking an increase of $19,426 from the same timeframe last year. The market is surpassing other areas with a 6.1% rise in prices, indicating that the demand in this desirable university town remains strong. 

 Winchester  
  • 2025 YTD Median Sales Price: $420,000 
  • 2024 YTD Median Sales Price: $407,483 
  • YoY change: +$12,517(+3.0%) 

Winchester has seen moderate price increases this year, with the median home price rising from $407,483 to $420,000. This is an increase of more than $12,517, or 3.0%, compared to the previous year. This growth is likely driven by migration from Northern Virginia and buyers looking for more affordable housing options within reach of the D.C. metro area. 

 Blacksburg 
  • 2025 YTD Median Sales Price: $285,000 
  • 2024 YTD Median Sales Price: $267,800 
  • YoY change: +$17,200(+6.0%) 

Blacksburg has experienced a consistent increase of 6.0% in its year-to-date median sales prices, with the median value rising from $267,800 to $285,000. This represents a $17,200 increase compared to the same time last year. The rise in prices is influenced by factors such as inventory shortages, demand for student housing, and the economic impact of Virginia Polytechnic Institute. 

 Harrisonburg 
  • 2025 YTD Median Sales Price: $343,600 
  • 2024 YTD Median Sales Price: $330,950 
  • YoY change: +$12,650(+3.7%) 

Harrisonburg’s housing market has experienced growth over the past year. The year-to-date median home price increased by $12,650, reaching $343,600 so far in 2025. This increase is attributed to a combination of steady demand and limited inventory, which saw a 3.7% price increase year-over-year. The city’s appeal, bolstered by its vibrant community and proximity to educational institutions, continues to attract buyers, contributing to the upward pressure on home prices.  

Virginia’s 2025 housing market is showing steady, regionally diverse growth. While NOVA remains the price leader, smaller markets like Roanoke, Lynchburg, and Blacksburg are seeing some of the highest percentage gains, signaling increased demand in traditionally overlooked areas. With affordability challenges pushing buyers into secondary metros, these emerging markets may continue to outperform expectations.  

For more information on housing, demographic and economic trends in Virginia, be sure to check out Virginia REALTORS® other Economic Insights blogs and our Data Page. 

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‘Explosions every day’: Virginia woman on her way to a wedding in India is stuck in Qatar

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‘Explosions every day’: Virginia woman on her way to a wedding in India is stuck in Qatar


Arlington, Virginia, resident Anjali Sharma — stuck in the Middle Eastern since Saturday — documents her story on social media from a hotel in Doha, Qatar.

“I think it really hit me when I saw black smoke coming from afar on one of the buildings, and it ended up being a missile that got defused, and the debris fell on the ground and caused an explosion,” Sharma said.

She was on her way to a wedding in India and had a layover in Qatar when Iran’s retaliatory strikes began. The airspace in Qatar and several other nearby countries is closed.

Sharma is alone. She says the rest of her family she was supposed to meet with had their flights canceled.

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She says it’s incredibly unsettling.

“I hear explosions every day,” Sharma said. “I hear planes going outside. I mean, I still hear military jets, right now. I don’t really know what that means.”

She is one of several thousands of Americans stranded in the Middle East. The State Department said it’s assisted almost 6,500 Americans since the conflict began.

Sharma says she hasn’t been able to get any clear guidance.

“I would just really appreciate it if the U.S. government could get clear guidelines of what they’re going to do to get us out and when that even may be,” she said.

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U.S. Rep. Don Beyer, D-Va., has been critical of the Trump administration’s evacuation efforts. He says his office has heard from about 100 families whose loved ones are stranded abroad.

“The primary reason the State Department exists is to serve Americans living abroad, and they’re desperately failing at that, right now,” he said.

The White House said the secretary of state issued Level 4 travel advisories dating to January. But Qatar was not one of the countries given a do-not-travel advisory.

The State Department Wednesday created a new form for stranded citizens to fill out. They say it will provide departure information about available aviation and ground transportation options.

Sharma hopes it’s her ticket out.

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“I just want to get out of here safely at this point.”



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Giants will hold 2026 training camp in West Virginia

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Giants will hold 2026 training camp in West Virginia


The New York Giants will be forced to hold their 2026 training camp, the first with John Harbaugh as head coach, out of state.

Per a report from the New York Post, the Giants will hold what will likely be the first two weeks of training camp in West Virginia at the Greenbrier Resort, located in White Sulpher Springs.

Part of the reason for the move is the fact that World Cup games will be held at MetLife Stadium this summer. There is also ongoing construction at the Giants’ facility at 1925 Giants Drive. The Giants are expanding their locker room, weight room, dining facility and office space at their headquarters, constructed in 2009. That work began before Harbaugh was named head coach.

NFL teams have used the Greenbier extensively since 2014, when it was first established to host training camp for the New Orleans Saints. The Houston Texans and Cleveland Browns have held training camps there, and other have practiced there during extended road trips.

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The facility has two grass fields and a FieldTurf field, as well as all of the other accommodations an NFL needs.

The Giants have trained at their own Quest Diagnostics Training Center in East Rutherford, N.J. since 2013.

Exact dates for NFL training camps have not yet been set, but the starting date is generally some time in late July. Per the Post, most practices at the Greenbrier are expected to be open to the public.



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Senate approves lawmaker pay raise as teacher pay hike stalls in Virginia budget talks

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Senate approves lawmaker pay raise as teacher pay hike stalls in Virginia budget talks


As the legislative session in Richmond comes closer to an end, lawmakers are still hard at work hammering out the budget for the year ahead. This year, the Senate has approved a pay raise for lawmakers after tabling bills that would have provided larger pay increases for teachers.

With the cost of living rising, teachers across Virginia have been watching the proposed budget closely and hoping for higher pay.

In February, a bill that would have raised teacher salaries by 4.5% each year until reaching the national average of $77,000 was tabled until next year. The decision left some educators disappointed.

“It’s definitely disappointing. We’re at a time where we are struggling to keep highly qualified staff in the buildings and in the profession, to be quite honest, because we have to compete with other industries,” Karl Loos, president of the Lynchburg Education Association, said.

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There is still a 3% increase for teachers included in the proposed Senate budget, and a 2% increase in the House of Delegates’ proposed budget. But Loos said a 3% raise only matches the rate of inflation, and will likely not be appealing enough to fill vacant positions.

“I think certainly teacher pay is a deterrent for a lot of people, especially as they see the amount of work that goes into it and the compensation for that work,” Loos said.

The Virginia Education Association also advocated for the 4.5% pay increase. Chad Stewart, the interim director of Government Relations and Research, said they believe budget uncertainty may have made lawmakers hesitant to commit to long-term increases they might not be able to sustain.

According to the State Fiscal Impact Statement, seen below, it would have required an additional $159.0 million in 2027, and increasing amounts for the next couple of years to meet the goal of reaching the national average.

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“We’ve seen commitments going back decades from previous governors who have all stated they want to get the national teacher pay average, but no governor has ever delivered on it,” Stewart said.

Stewart said the average national pay for teachers they are hoping to meet is $77,000, and that the current average salary for teachers in the Commonwealth is around $70,000. He said ultimately it comes down to the budget, and he hopes in the following years teachers will receive that larger pay increase. Stewart said the organization hopes Gov. Spanberger will be the first to follow through on that promise.

Meanwhile, legislation that would increase pay for state lawmakers was passed in the Senate on Thursday. Republican Del. Tim Griffin of the 53rd District said he voted against the measure.

“I was outraged last week when they raised their own pay. I voted against it,” Griffin said. “When you run on affordability, I think people expected it to be more affordable for the people that live and work in Virginia, not for ourselves. It kind of defeats the purpose.”

When asked about the proposed pay increases in the House and the Senate, Campbell County Superintendent Clay Stanley said in a statement, “I am praying for 3%. Our teachers, at minimum, deserve a raise that matches the cost of living increase.”

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ABC13 reached out to local Democratic lawmakers for comment on the teacher pay raise legislation, but did not receive a response.



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