Hampton Roads Real Estate Market Update October 2025 | Conner and Company
(Source: REIN MLS Data)
The Hampton Roads housing market including Norfolk, Virginia Beach, Chesapeake and Suffolk showed steady strength in October, even as more homes hit the market. According to REIN, active listings rose 16.9 percent year-over-year, climbing from 4,765 to 5,571. Despite this increase in supply, buyer activity stayed strong, with pending sales up 4.34 percent, reaching 2,162 contracts for the month.
The median sales price increased 2.26 percent, moving from $354,000 to $362,000 which is a healthy gain that demonstrates buyer confidence across the region. Homes sold in an average of 30 days, only slightly higher than the 27 days reported a year ago, showing that well-priced listings continue to attract quick offers.
For Sellers:
This shift means competition is growing. With more inventory available, presentation and pricing are crucial. Homes that shine online with professional photos, accurate descriptions, and inviting curb appeal are the ones drawing top-tier interest. Sellers who prepare early and work with experienced agents can still expect solid results this fall.
For Buyers:
On the other hand, buyers are enjoying more options than they have seen in several years. Whether searching in Virginia Beach, Chesapeake, Portsmouth, Suffolk or Norfolk, active inventory provides breathing room but strong demand means attractive homes still move quickly. Being pre-approved and ready to act remains essential.
Overall, the October numbers reflect a balanced market across Hampton Roads with more listings, steady demand, and gradual price growth. This is an encouraging sign for both buyers and sellers heading into the holiday season and the start of 2026.
