Virginia Beach & Hampton Roads Real Estate Market: May 2025 Insights

Explore the May 2025 Virginia Beach real estate market update. Discover rising home values, increased inventory, and expert tips for buyers and sellers. Find out if now is the best time to buy or sell your home in Hampton Roads!

Whether you’re looking to buy, sell, or simply track the latest trends, here’s a look at what shaped the Hampton Roads real estate market in May 2025—and what it means for your next move.

For Sellers

• The median sales price surged to $375,000, up 4.2% from both April and last May, reflecting strong buyer demand and rising home values.

• Homes are selling at 100.4% of their list price, with many receiving full-price or higher offers.

• Median days on the market remain low at just 13, showing that homes are selling fast.

• New listings increased by 7.9% compared to April, adding more competition but keeping demand strong.

• Sellers still have the advantage, but with inventory rising, smart pricing and standout marketing are essential for a quick, profitable sale.

For Buyers

• Active inventory rose 11.3% from April, with 2,777 homes on the market—giving buyers more choices than earlier this spring.

• The median price per square foot dipped slightly to $212, a 0.9% decrease, offering a bit more value.

• Months of inventory stands at 1.9, keeping the market in sellers’ territory (a balanced market is 4–6 months), though conditions are easing.

• Most homes sell in under two weeks, so buyers need to act quickly to secure their ideal property.

Market Insight

The market remains favorable for sellers, but May’s increase in new listings and inventory signals growing competition as summer approaches. Buyers now have more options, and while prices continue to climb, affordability pressures could help moderate future price growth.

Thinking about selling your home or searching for the perfect new place? Connect with a local real estate expert to navigate the evolving Virginia Beach market with confidence.

Ready for personalized guidance? Contact us today to get started!

We’re here to help you every step of the way! 

Megan Luker is a 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

📱: text/call me at 757-703-1590
📧: megan@lukerativegroup.com