I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Virginia
💡 Key Virginia housing market facts
| Data Point | Value | Rank | Compared to National Avg |
| Typical Home Value | $394,085[1] | #21 of 50 states | 7% higher |
| Median Listing Price | $439,950[2] | #21 of 50 states | 0.8% lower |
| Median Sale Price | $464,400[3] | #17 of 50 states | 9.9% higher |
| 30 Year Mortgage Rate | 7.06%[4] | #46 of 50 states | 1.2% higher |
| Median Days on Market | 43[5] | #9 of 50 states | 20.1% shorter |
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🗺️ Buying a house in the Virginia real estate market
Virginia has an affordability score of 6.1, meaning it takes 6.1 years of the median household income ($76,398) to afford Virginia's median home sale price ($464,400). Because of this, we rank Virginia as the 25th most affordable state for buyers based strictly on prices compared to income.
| Data Point | Value | Rank | Compared to National Avg |
| Median Sale Price | $464,400[6] | #17 of 50 states | 9.9% higher |
| 30 Year Mortgage Rate | 7.06%[7] | #46 of 50 states | 1.2% higher |
| Median Household Income | $76,398[8] | #10 of 50 states | 18.4% higher |
| Affordability Ratio | 6.1 | #25 of 50 states | 5.7% lower |
| Buyers Agent Commission | 2.57%[9] | #25 of 50 states | 1.3% higher |
Resources for Virginia home buyers
Preparing to buy in Virginia
🗺️ Selling a house in the Virginia real estate market
According to our detailed survey of Virginia real estate agents, listing agents (those representing the seller) charge an average commission in Virginia of 2.62%, which is the 12th lowest in the United States. Buyers' agents charge an average commission of 2.57%, which is the 25th lowest in the United States.
| Data Point | Value | Rank | Compared to National Avg |
| Median Listing Price | $439,950[10] | #21 of 50 states | 0.8% lower |
| Median Sale Price | $464,400[11] | #17 of 50 states | 9.9% higher |
| Median Days on Market | 43[12] | #9 of 50 states | 20.1% shorter |
| Buyer's Agent Commission | 2.57%[13] | #25 of 50 states | 1.3% higher |
| Listing Agent Commission | 2.62%[14] | #12 of 50 states | 3.8% lower |
Resources for Virginia home sellers
Preparing to sell in Virginia
- 8 Steps to Selling a House in Virginia
- Average Time to Sell a House in Virginia
- When Is the Best Time to Sell a House in Virginia?
- Top Real Estate Agents in Virginia
Virginia home selling costs and requirements
Moving to Virginia
According to our recent moving trends survey[15], Virginia is the 16th most desirable state to move to, with 11% of Americans indicating that they would choose to move there if money were no object. Likewise, 8% of survey respondents indicated that they would move to Richmond among a choice of America's largest cities, and 7% indicated that they would move to Virginia Beach.
Here's how Virginia cities rank in a number of our research studies.
| Study | Best Virginia city | Rank |
| Best Pizza Cities[16] | Richmond | 33rd best |
| Best Coffee Cities[17] | Richmond | 30th best |
| Best LGBTQ Cities[18] | Richmond | 12th best |
| Best Bike Cities[19] | Richmond | 28th best |
| Best Commuter Cities[20] | Richmond | 10th best |