Virginia housing market report: If you’re underhoused, you’re out of luck

People who own real estate are continuing to do well, with a housing-sales market that ticked up in October in Virginia one indication there.

According to the October 2025 Virginia Home Sales Report released by Virginia REALTORS®, home sales were up 3.1 percent, and active listings were up 25.7 percent.

The statewide median sales price was $430,000 in October, going up $15,000 since last year, increasing by 3.6 percent.

A $433,000 house would run you about $2,500 a month in mortgage payments.

Using the 30 percent rule, you’d need to have family income at $100,000 a year to buy that average house.

Median household income in Virginia is currently around $89,000.

Want to know why there is a shortage of affordable housing?

The average person can’t buy the average house currently on the market.

But hey, that’s good news for those of you reading who don’t have to worry.

“Virginia’s housing market is showing strong momentum as we continue into the fall,” said Virginia REALTORS® 2025 President Lorraine Arora. “With more homes coming onto the market and sales continuing to grow, Virginians are finding more opportunities to buy and sell in communities across the Commonwealth.”