Hampton Roads Market Report
Hampton Roads Market Report · November 2026
Officially a Balanced Market
The most homes for sale since April 2020 — and prices are still holding. Here’s what October’s numbers mean for you.
Based on REIN data for October 2026 · Updated monthly by Craig Houston, REALTOR®
October at a glance
$370,180
Median sales price · up 2.3% from last October
6,603
Homes for sale · up 18.5%, the most since April 2020
3.11
Months of supply · balanced for the first time since 2019
7.18%
30-year fixed rate · about a point higher than a year ago
What’s happening
Hampton Roads crossed into a balanced market in October. Buyers have more homes to choose from than at any time since 2020, and fewer of them are signing contracts: new contracts fell 16.7% from a year ago. But the median price still rose 2.3%. Sellers are pulling homes off the market rather than cutting prices — 1,207 listings came off without selling, up 25.6% — and distressed sales are just 2.3% of the market. It’s a picky market, not a crashing one.
City by city
| City | Median sold price | Avg. days on market |
|---|---|---|
| Chesapeake | $434,500 | 33 |
| Suffolk | $420,000 | 43 |
| Virginia Beach | $405,000 | 35 |
| Norfolk | $335,000 | 36 |
| Hampton | $300,000 | 43 |
| Newport News | $297,000 | 41 |
| Portsmouth | $285,000 | 38 |
Homes only (no land or multi-family). REIN Matrix, sold October 1–31, 2026.
Three moves
- Buying? Negotiate the payment, not just the price.
- Selling? Price to what’s selling, not what’s listed.
- Moving here? Pick your city by your commute first.
Get the full 7-page report — free
Every city, the buying and selling playbook, what each city costs if you’re moving here, what today’s rate really costs each month, and my call for next month. I’ll also send you next month’s report before the video goes up.
Prefer text? Text the word REPORT to 757-290-6303.
About Craig
I’m Craig Houston, a REALTOR® with AtCoastal Realty and a Navy veteran. I help people buy, sell and move to Hampton Roads, and every month I break down the real local numbers so you don’t have to rely on national headlines.
Call or text 757-290-6303 · Moving here? Text NORFOLK to 757-290-6303 for my free guide, Moving to Norfolk? Start Here.
Past reports
October 2026 report (September data) — coming soon to this list.
Craig Houston, REALTOR® | AtCoastal Realty | VA License #0225262589 | 757-290-6303 · Equal Housing Opportunity
Source: REIN (Real Estate Information Network) data for October 2026; Freddie Mac PMMS, week of Nov 5, 2026. Information deemed reliable but not guaranteed.