🏡 June 2025 Market Snapshot: Hampton Roads Real Estate Trends
As we step into June, the Hampton Roads real estate market continues to exhibit dynamic shifts, offering both challenges and opportunities for buyers and sellers alike. At Virginia 1st Realty Group, we're committed to keeping you informed and prepared to navigate this evolving landscape.
📈 Market Overview
The Hampton Roads region has experienced a notable increase in home values, with the year-to-date median price rising to $345,000, an increase of $16,000 compared to last year. This 4.6% gain reflects strong buyer demand in the area, driven primarily by military employment, port activity, and a growing interest in coastal living. virginiarealtors.org
In Hampton, the median home sold price in May 2025 was $312,400, up 23.2% from the previous month.
🏘️ Inventory and Buyer Behavior
The Hampton real estate market had 930 homes for sale in May 2025, a 7.3% increase compared to April 2025.
Homes in Hampton are selling faster, with an average listing age of 33 days in May 2025, down by 13.9% compared to the previous month.
💡 Tips for Buyers and Sellers
For Buyers:
Get Pre-Approved: Secure financing to strengthen your offer.
Act Quickly: Homes are selling faster; be prepared to make swift decisions.
For Sellers:
Price Strategically: Accurate pricing can attract more buyers.
Enhance Curb Appeal: First impressions matter; invest in minor upgrades.
At Virginia 1st Realty Group, we're here to guide you through every step of your real estate journey. Whether you're buying your first home or selling your current one, our team is dedicated to providing exceptional service tailored to your needs.
📍 Visit us at 915 S Church St in Smithfield or call 757-371-7011 to schedule a consultation. Let's make your real estate goals a reality!
