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Virginia
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.
CHARLOTTE, N.C. — In this world of college football, with the transfer portal and recruiting battles, bad blood is present more than ever before between head coaches.
That’s not the case between the Virginia Tech head coach and Clemson head coach Dabo Swinney, however. In fact, Franklin revealed at ACC Kickoff on Thursday that the two are actually close friends, dating back to their time at the Nike trip that various coaches take over the summer.
“Dabo’s my guy,” Franklin said on Thursday. “We go way back. We’ve been on the Nike trip for a long time. His wife and my wife are friends.”
The long-time Penn State head coach is making the move to the ACC after being fired from the Nittany Lions in October. 12 seasons of being with the program had Franklin hold a 44-21 record against top 10 opponents, an impressive record for a new conference foe of Swinney’s.
But when that trip comes around, there’s a camaraderie between Swinney and Franklin and both of their wives. In fact, the two hang out with each other instead of the other coaches at times. It simply comes to an “edgy” time in college athletics that raises tempers.
“I’m going to be honest, I wouldn’t say we’re necessarily like the type of people that love a lot of other coaches and a lot of other programs,” Franklin said. “It’s hard when you just compete year-round.”
On Swinney’s end, there are a few who could immediately come to mind among Clemson fans. Perhaps the most recent would be Ole Miss coach Pete Golding, who played the most significant role in the tampering of former linebacker Luke Ferrelli.
It’s a select list of coaches who make the good side of the Tigers’ head coach, and Franklin is certainly on that list. On the other hand, Hokies’ head coach has Swinney on his own shortlist.
“Obviously, tremendous respect for what he has built at Clemson and what he’s done at Clemson, and what he’s done for the ACC,” he said.
The two will see that close relationship face off at Memorial Stadium this upcoming season. Clemson will host the Hokies on Oct. 24 in what could be a potential title-eliminator for the ACC Championship.
Of course, the last game that we’ve seen the Tigers play in was against Franklin’s former team in Penn State at the Bad Boy Mowers Pinstripe Bowl. That game ended in a 22-10 contest that saw a foundation of Franklin players end Clemson’s season in disappointment.
Swinney will see many of those players once again in October, including starting quarterback Ethan Grunkemeyer, in that contest. The anticipated Hokie starter recorded 260 yards and two passing touchdowns on the Tigers in the Bronx that day.
Although friends become foes, another ACC coach has given Swinney his flowers for what he’s been able to do for the conference. In the upcoming moments, Franklin will look to prepare his team to prove itself on one of the biggest stages in the ACC, while Swinney looks to put his team back at the top of a conference he’s dominated for over 15 years.
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MARTINSVILLE, Va. (WSET) — Extreme drought conditions in parts of Virginia have prompted an emergency drought warning for a wide swath of the region, including Bedford, Campbell, Charlotte, Franklin, Halifax, Henry, Mecklenburg, Patrick, Pittsylvania and Roanoke counties, along with the cities of Danville, Roanoke, Salem and Martinsville.
The governor has warned that if conditions worsen, she will activate mandatory nonessential water-use restrictions.
In Martinsville, city leaders have issued a voluntary water conservation notice and are urging residents and businesses to cut back where they can. The request comes as local businesses that rely heavily on water say the drought is already affecting day-to-day operations.
SEE ALSO: Botetourt County residents adjust daily routines as voluntary water restriction continues
John Hughes, owner of John’s Car Wash, said the dry conditions have hit his business hard in recent weeks. “For the last 3 weeks, it’s been hitting pretty hard. We done three yesterday and haven’t done anything today with the drought and hot weather. Yeah, I’m really concerned about it,” Hughes said.
Restaurants are also feeling the strain. David Kitzmiller, an owner of Be Wiched, said water is essential for routine tasks such as washing dishes and preparing some menu items.
“We use a lot of water for washing dishes and some of our recipes if they limit us in anyway defiently can’t produce and its a scary aspect,” Kitzmiller said.
Kitzmiller added that cutting back is not always realistic for businesses that must meet sanitation needs. “Not really feasible for a business that depends solely relies on water to wash their dishes, so that can’t definitely be an impact there,” he said.
City leaders emphasized that the conservation request is voluntary for now, but they are encouraging everyone to do their part by taking shorter showers, turning off the faucet when it is not in use, washing only full loads of laundry, and limiting outdoor watering whenever possible.
VIRGINIA BEACH, Va. (WAVY) — Five people were charged after Virginia Beach Police conducted a two-day human trafficking and vice operation on July 3, according to the Virginia Beach Police Department.
The department’s Special Investigations Bureau conducted the operation, which was aimed at identifiying human trafficking victims, reducing the demand for commercial sex and targeting individuals seeking to exploit or recruit children for prostitution.
Detectives used many investigative techniques to proactively identify individuals involved in criminal activity related to prostitution, human trafficking and offenses against children. The operation was conducted in Virginia Beach, involving personnel from all of the bureau’s squads.
As a result of the operation, five people were identified and charged with offenses ranging from solicitation of prostitution to sex trafficking and crimes involving minors. Two vehicles and U.S. currency were seized during the operation. Other people were connected to victim services through Samaritan House.
The operation led to the following people being charged:
- Shane Carter, 28, of Norfolk, was charged with solicitation of prostitution.
- Robert Harris, 64, of Virginia Beach, was charged with solicitation of prostitution and assault and battery.
- Larry Pittman, 53, of Portsmouth, was charged with sex trafficking and use of electronic devices to facilitaate certain offenses involving minors.
- Kenric Frazier, 46, of Portsmouth, was charged with sex trafficking, use of electronic devices to facilitate certain offenses involving minors and solicitation of child pornography.
- Cameron Lewis, 24, of Norfolk, was charged with solicitation of prostitution.
Investigators also developed leads about people who are suspected of trafficking and exploiting others for commercial sex. Those are now active and ongoing investigations. There may be more charges and arrests pending further investigation and consultation with the Virginia Beach Commonwealth’s Attorney’s Office.
If you’re a human trafficking victim or know someone who is, you can report it to the National Human Trafficking Hotline at 1-888-373-7888.
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