Va Homes For Sale Zillow (2024)

FAQs

Is it a good time to sell a house in VA? ›

Best Time to Sell Your House for a Higher Price

May, June, and July are the best months to sell your house in Virginia. The median sale price of houses in June 2023 was $443,900, which is expected to rise in 2024. However, cities like Woodlawn and Hollins follow an upward trend throughout the year.

What is the average house cost in Virginia? The median price for a home in Virginia as of June 2024 was $478,200, according to Redfin data.

Virginia Housing Market Overview

In July 2024, home prices in Virginia were up 6.7% compared to last year, selling for a median price. On average, the number of homes sold was up 8.5% year over year and there were 10,473 homes sold in July this year, up 9,650 homes sold in July last year.

The worst time to sell a house is typically during the winter months, particularly in December, January, and February. During this period, bad weather can deter potential buyers from attending open houses, and many people are preoccupied with holiday activities and planning.

The priciest city in Virginia is Arlington, where the cost of living is 37% higher compared to the state average and 36% higher than in the rest of the U.S. The cheapest major city in Virginia is Lexington, with a cost of living 12% lower below the state average and 12% lower than the national average.

Who pays closing costs in Virginia, buyers or sellers? Both buyers and sellers pay some form of closing costs on a home sale in Virginia, as is the case in any state. Both parties will also be on the hook for legal fees if you decide to hire a real estate attorney.

You'll typically need a credit score of 620 to finance a home purchase. However, some lenders may offer mortgage loans to borrowers with scores as low as 500. Whether you qualify for a specific loan type also depends on personal factors like your debt-to-income ratio (DTI), loan-to-value ratio (LTV) and income.

Yes, you can buy a house with no money down using either a VA loan or a USDA loan, provided you can meet the requirements that accompany these loan types. With a VA loan, you must be a service member, veteran, or qualifying spouse and meet minimum service requirements.

What is the minimum down payment for a house in Virginia? ›

Virginia Housing Conventional

Virginia Housing offers first-time buyers a conventional loan with as little as 3% down, which can be even lower when paired with one of its down payment grants.

Virginia Beach

In May of this year, there were 602 homes sold, which is a 4.7% increase from last year. With a DOM of 18 days, this area is also a sellers' market.

The best days to sell a house fall in the months of May, February, March and June. The best day to sell a home for the highest price is May 27, when a typical home sells at a 16.2% premium above the market average.

On the flipside, if you want more homes to choose from and don't mind paying a premium, spring and early summer are good times to buy a house, as April has the most new listings. Most listings hit the market in a short window between the months of April and June.

In a series of surveys by Zillow, Zillow found that 36% of home sellers were so stressed by the selling process, that they cried. In fact, their research shows that selling your home can be more stressful than planning a wedding or the thought of being fired. Here are the top items causing stress for sellers.