Fall 2025 Market Update: What Hampton Roads Buyers and Sellers Need to Know

Introduction

Fall 2025 is here, and the Hampton Roads housing market is shifting. For the first time in years, we’re seeing more balance. Buyers have more power, but sellers still hold strong positions. Here’s the breakdown of what’s happening right now.

1. Inventory Is Rising

• Listings Up: Homes on the market are up 25% compared to last year.
  
  
• More Choice: Buyers no longer have to fight over one or two listings.
  
  
• Sellers Must Compete: Homes need pricing, staging, and strong marketing to stand out.
  
  

2. Prices Are Steady, Not Surging

• Median Home Price $345,000: That’s up 4–5% from last year, a healthy but slower pace.
  
  
• Not a Crash, Not a Boom: This is steady, sustainable appreciation.
  
  
• Still Attractive Compared to NoVA: Relocators see Hampton Roads as a deal compared to D.C.
  
  

3. Interest Rates Bring Predictability

• Rates Stabilized: Buyers know what to expect, and confidence is back.
  
  
• Sideline Buyers Returning: People who hesitated in 2023–24 are finally jumping in.
  
  
• Future Options: Buyers today can refinance later if rates drop.
  
  

Whether you’re buying or selling, Fall 2025 is a season of opportunity. Buyers have more breathing room, and sellers can still sell well with the right strategy. Let’s build your plan.