The median price for homes sold in Virginia in August was $430,000. And we wonder why people say there’s a shortage of affordable housing.
The August 2025 Virginia Home Sales Report released by Virginia REALTORS® tells us there were 9,423 homes sold statewide in August, and 24,606 active listings statewide at the end of August – with nearly 13,000 properties added to the market during the month.
The active listings total is up 26.2 percent from August 2024.
That’s not pushing prices down, though.
The Virginia REALTORS® folks, of course, want prices to go higher – that’s how they earn commissions.
“Inventory growth has been one of the big stories of 2025,” said Virginia REALTORS® Chief Economist Ryan Price, in a news release. “With listings up more than 26 percent from last year, buyers across the commonwealth are seeing more options than they’ve had in a long time. While supply is improving, demand continues to be tempered by economic uncertainty.”
Demand is also tempered by the sky-high prices – seriously, a $430,000 median?
The median home sold in the U.S. in 1954 went for $19,300 – that’s $232,443.75 in 2025 dollars.
Typical monthly mortgage for a $430,000 house in 2025: $2,768.
For a $232,443.75 house: $1,544.
Again, the shortage of affordable housing, and us, wondering why.
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Chris Graham
