Virginia Beach Real Estate Market Update – May 2025

Photo Credit: Hampton Roads MLS 

Explore the May 2025 Virginia Beach real estate market update: rising prices, increased inventory, and expert tips for buyers and sellers in Hampton Roads.

The May 2025 Virginia Beach housing market shows both rising home values and increasing inventory—giving sellers opportunities and buyers more choices. Here’s what the latest data reveals about the Hampton Roads market, plus tips to help you make the most of these trends.

For Sellers

• Median Sales Price: $375,000, up 4.2% from April and from May 2024
  
  
• Sales-to-List Ratio: Homes are selling at 100.4% of list price—many receiving full-price or higher offers
  
  
• Median Days on Market: 13 days, showing homes are moving quickly
  
  
• New Listings: Up 7.9% month-over-month, adding more competition
  
  

👉 Sellers remain in control, but with inventory rising, strategic pricing and strong marketing are key to standing out and selling quickly.

For Buyers

• Active Inventory: 2,777 homes, up 11.3% from April
  
  
• Median Price Per Sq Ft: $212, down 0.9%, offering slightly better value
  
  
• Months of Inventory: 1.9 (still a seller’s market; balanced = 4–6 months)
  
  
• Speed of Sales: Most homes sell in under two weeks
  
  

👉 Buyers now have more options than earlier this spring. While competition remains, slight dips in price per square foot and more listings provide opportunities for prepared buyers.

Market Insight

The Virginia Beach housing market in May remained seller-favorable, but the rise in inventory signals a slow shift toward more balance. As summer approaches, expect:

• Continued demand-driven price growth
  
  
• More competition among sellers with new listings hitting the market
  
  
• Buyers needing to act fast but enjoying more choice than in early 2025
  
  

Affordability pressures may help moderate future price increases, but strong demand keeps Hampton Roads one of the most resilient real estate markets in the U.S.

FAQs

1. Is it a good time to sell a home in Virginia Beach?
   Yes—homes are still selling quickly and often at full price or above. However, with inventory rising, the sooner you list, the less competition you may face.
2. Is it a good time to buy in Virginia Beach?
   Yes—buyers have more choices than earlier this year, and slight dips in price per square foot help improve value. Working with a local agent is key to moving fast.
3. What does months of inventory mean?
   It’s how long it would take to sell all current listings at the current sales pace. Virginia Beach has 1.9 months of inventory, meaning it’s still a strong seller’s market.

📲 Whether you’re buying or selling in Virginia Beach or Hampton Roads, timing matters. Let’s connect to discuss your options and create a plan tailored to your goals. Call me at 757-703-1590 or DM me on Instagram @virginiabeachwithmegan.

✍️ Written by Megan Luker, REALTOR® | Virginia Beach Military Relocation Expert, Navy Wife & Mom
Licensed REALTOR® in the Commonwealth of VA at ΓEA⅃ Broker, LLC
📱 757-703-1590 (direct) | ☎️ 855-450-0442 (office)
📍 1765 Greensboro Station Place, 900 McLean, VA 22102
📧 megan@lukerativegroup.com