Newport News Housing Market Report February 2025Newport News County, Virginia

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Housing Prices in Newport News, VA

How much do homes in Newport News, VA cost?

Housing Market Conditions

Is Newport News, VA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Newport News is a Buyer's Market

Difference Since January 2025

Last month, Newport News was a Neutral Market.

Insight

Newport News is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$332,350$183/SqFt
+$59,900
+22.0%

Based on all homes sold in February 2025

Insight

Homes in Newport News have sold for 22% more than they did a month ago.

Summary: The median home sold price in Newport News was $332,350 in February 2025, up 22% from last month, and the median price per square foot was $183.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Newport News
+22.0%
Hampton
-7.6%
Yorktown
-33.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2$129K-
N/A
3$264.9K$180K
-32.0%
4$344.1K$360K
+4.6%
5--
N/A

Summary: Newport News housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -32.0%. The home price for 4 bedroom homes increased by +4.6%. The home price for 5 bedroom homes did not change.

How does Newport News, VA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Newport News, VA

Housing supply in Newport News, VA

How many homes are available in Newport News, VA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
885Last MonthFeb 2025
8222 months agoJan 2025
+7.7 %
Change MoMJan – Feb

Summary: The Newport News real estate market had 885 homes for sale in Feb 2025, a 7.7 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
116Last MonthFeb 2025
1262 months agoJan 2025
-7.9 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
11011
+10.0%
2111117
+5.4%
3383420
+9.7%
4252265
+5.2%
56672
+9.1%

Summary: Newport News housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +10.0%. The inventory for 2 bedroom homes increased by +5.4%. The inventory for 3 bedroom homes increased by +9.7%. The inventory for 4 bedroom homes increased by +5.2%. The inventory for 5 bedroom homes increased by +9.1%.

Asking Price vs. Sold Price

How much do homes in Newport News, VA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price2 Homes

Under Asking Price4 Homes

Insight

If you're buying a home in Newport News, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 116 homes were sold or pending in Newport News in February 2025, down by 7.9% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and and 0% were sold over asking.

Days on Market for Newport News, VA

How long does it take to sell a home in Newport News, VA?

Breakdown of Home Sale Times

Under 30 Days57 Homes

30 – 90 Days47 Homes

Over 90 Days12 Homes

Insight

Many homes in Newport News are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 116 homes were sold in Newport News; 49% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
43 DaysLast MonthFeb 2025
44 Days1 month agoJan 2025
-2.9 %
Change MoMJan – Feb

Summary: Homes in Newport News had an average listing age of 43 days in Feb 2025, down by 2.9% compared to the previous month.

Newest Listings in Newport News, VA

What homes are available in Newport News, VA?

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Based on information from Real Estate Information Network, and Central Virginia Regional MLS for the period 01/01/2025 - 03/01/2025

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Last updated on: 3/12/2025, 4:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 4:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.