The Virginia housing market, by the numbers.
Median sale price, days on market, and what a traditional sale really costs a Virginia seller — every figure on this page comes from the source cited next to it.
- Median sale price: $499,000
- Median days on market: 28
- Typical selling costs: ~6.6% of the price
- Foreclosure timeline: 2 to 4 months
Planning a Virginia sale?
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The headline numbers.
Each figure comes from the source cited under it. Medians describe the middle of the Virginia market, not any specific house.
Selling the traditional way in Virginia: the math.
The same arithmetic an agent would run at your kitchen table, worked on the Virginia median sale price.
How to read this: on the $499,000 median sale, the traditional route leaves roughly $466,066 before loan payoff, repairs, and the holding costs (effective property tax ~0.82%/yr per the Tax Foundation, plus insurance and utilities) that stack up while you wait about 28 days on market. These are estimates worked on the Virginia median; your actual costs vary by county, property, and buyer.
The Virginia foreclosure clock.
Virginia uses a non-judicial foreclosure process, and a typical case runs 2 to 4 months — that window is how much real time an owner has to catch up, refinance, or sell.
How long it really takes: PRACTITIONER ESTIMATE (not statutory): Virginia is one of the fastest foreclosure states. Federal rules (12 C.F.R. §1024.41) generally bar starting foreclosure until 120+ days delinquent; after that, the 60-day owner-occupied notice plus 2-4 weeks of advertising can complete a sale in as little as 60-90 days. Total from first missed payment to sale: roughly 6-8 months, sometimes faster.
Primary statute: Va. Code §55.1-320 et seq.. This is general information, not legal advice — confirm the specifics with a local attorney.
If you need to sell fast.
The numbers above describe the traditional route in Virginia: roughly 6.6% of the price in selling costs and about 28 days of waiting before a financed buyer even closes. When time is the real problem — a foreclosure date, back taxes, a move that can't wait — some owners trade part of the headline price for speed and certainty by selling as-is to a cash buyer.
Where we fit: Fair Home Cash is a connector, not the buyer. We put Virginia homeowners in touch with independent cash buyers who purchase houses as-is; buyers pay us a flat marketing fee for the connection, and we never take a cut of your sale. Requesting offers is free, and you decide what happens next.
See what the Virginia numbers mean for your house.
Compare the traditional math above with a fast as-is sale — free tools, sourced data, and a timeline you control.
Selling fast in Virginia →