Virginia Market Overview
Virginia's market is dominated by Northern Virginia's massive Amazon HQ2 effect — one of the most significant corporate headquarters relocations in US history. Northern Virginia was already competitive as a DC suburb/defense contracting hub; Amazon's campus has added enormous new demand. Richmond is experiencing its own renaissance as a genuine tech and creative hub. VA Beach's military economy provides consistent demand.
Richmond is the value play — DC access, improving arts scene, and prices well below NoVA. In Northern Virginia, look beyond Arlington/Alexandria to emerging areas like Manassas and Haymarket.
Amazon HQ2 has been a sustained gift for NoVA sellers. Richmond sellers have strong tech-sector buyer demand. Price correctly and expect quick activity.
Top Cities in Virginia
| City | Median Price | YoY Change | Days on Market | Price/Sqft |
|---|---|---|---|---|
| Northern Virginia | $648K | +4.8% | 13d | $388 |
| Richmond | $348K | +5.2% | 16d | $208 |
| Virginia Beach | $368K | +3.8% | 22d | $218 |
| Charlottesville | $448K | +4.4% | 18d | $258 |
Market Health Indicators
Buyer Demographics
Affordability Calculator — Virginia
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