Hampton Roads Housing Market Update: October 2025
As the fall market settled in, October brought steady progress for Hampton Roads real estate. Buyers found more homes to choose from, while prices held firm across most of the region. According to the latest data from the Real Estate Information Network (REIN), active listings, pending sales, and median selling prices all increased year-over-year, signaling a stable, sustainable market as we close out the year.
More Homes on the Market
Active residential listings rose to 5,571 in October, up nearly 17% compared to last year. Both Southside and Peninsula markets saw gains in inventory, giving buyers more options after several tight years. Month-over-month, listings also increased slightly from September, showing that sellers are still confident heading into winter.
Prices Remain Steady
The median sale price came in at $362,000, up about 2.3% year-over-year, though slightly below September’s $365,000. On the Southside, the median rose 4.6% to $369,000, while the Peninsula saw a small 1.8% dip to $341,800. These variations highlight that while local conditions differ, the broader trend across Hampton Roads is stable, moderate price growth, a healthy sign after years of sharp swings.
Buyer Activity Holding Strong
Pending sales reached 2,162, a 4.3% increase from last October, and settled sales came in at 2,099, nearly unchanged from last year. Homes spent about 30 days on the market, up just a few days from earlier this fall. The increase in time on market gives buyers a bit more breathing room while still keeping transactions moving at a steady pace.
Market Balance Taking Shape
The Months’ Supply of Inventory rose to 2.68, up from 2.63 in September and 2.35 last year. While still below the 5–6 months typically considered balanced, it’s a step closer to equilibrium. New construction sales slowed to 187, reflecting seasonal trends and builder adjustments to shifting demand.
October’s numbers paint a picture of a market that’s active, stable, and gradually balancing. Buyers benefit from increased choices and slightly more time to act, while sellers continue to see strong values and solid demand. It’s the kind of market where smart timing, solid preparation, and the right strategy make all the difference.
