58 cities with year-over-year price decreases
-48.0%
Biggest Drop
-11.2%
Avg Decline
Price drops can signal buying opportunities. These markets may offer better negotiating leverage and more affordable entry points compared to last year.
| # | City | YoY Change | Median Price | Days on Market | Months Supply |
|---|---|---|---|---|---|
| 1 | Huntington | -48.0% | $219K | 54 days | 3.9 mo |
| 2 | Radford | -28.7% | $249K | 46 days | 1.1 mo |
| 3 | Gloucester Point | -26.6% | $337K | 67 days | 1.2 mo |
| 4 | Cloverdale | -25.9% | $323K | 26 days | 1.0 mo |
| 5 | Pulaski | -25.5% | $133K | 35 days | 1.9 mo |
| 6 | Bailey's Crossroads | -24.4% | $340K | 45 days | 2.4 mo |
| 7 | Front Royal | -23.9% | $289K | 68 days | 1.9 mo |
| 8 | Franklin Farm | -22.3% | $880K | 34 days | 0.9 mo |
| 9 | Lake Monticello | -22.1% | $310K | 46 days | 2.0 mo |
| 10 | Pimmit Hills | -20.6% | $820K | 16 days | 1.8 mo |
| 11 | Harrisonburg | -19.7% | $277K | 36 days | 1.5 mo |
| 12 | Martinsville | -19.2% | $120K | 55 days | 7.6 mo |
| 13 | Loudoun Valley Estates | -18.9% | $515K | 25 days | 2.4 mo |
| 14 | Fair Oaks | -17.7% | $465K | 49 days | 0.9 mo |
| 15 | Hybla Valley | -17.6% | $703K | 89 days | 1.3 mo |
| 16 | Forest | -17.1% | $317K | 40 days | 1.7 mo |
| 17 | Franklin | -16.8% | $233K | 21 days | 2.2 mo |
| 18 | Vienna | -16.1% | $1.18M | 5 days | 2.1 mo |
| 19 | East Highland Park | -13.9% | $281K | 22 days | 1.2 mo |
| 20 | Laurel | -13.6% | $344K | 29 days | 1.2 mo |
| 21 | Aquia Harbour | -11.7% | $495K | 53 days | 3.2 mo |
| 22 | Marumsco | -11.6% | $400K | 55 days | 1.7 mo |
| 23 | Idylwood | -11.0% | $390K | 39 days | 1.2 mo |
| 24 | Gainesville | -10.3% | $650K | 65 days | 0.7 mo |
| 25 | New Baltimore | -10.3% | $807K | 41 days | 2.2 mo |
| 26 | Charlottesville | -9.8% | $390K | 27 days | 1.9 mo |
| 27 | Madison Heights | -9.1% | $219K | 21 days | 0.9 mo |
| 28 | Burke | -9.0% | $660K | 40 days | 0.7 mo |
| 29 | Woodburn | -8.9% | $431K | 79 days | 1.2 mo |
| 30 | Annandale | -8.5% | $735K | 56 days | 1.2 mo |
| 31 | Massanutten | -7.9% | $479K | 34 days | 1.7 mo |
| 32 | Fort Hunt | -7.9% | $933K | 52 days | 1.1 mo |
| 33 | Woodbridge | -7.9% | $410K | 53 days | 1.9 mo |
| 34 | Groveton | -7.5% | $580K | 42 days | 1.5 mo |
| 35 | Jefferson | -7.1% | $715K | 55 days | 1.4 mo |
| 36 | West Falls Church | -7.1% | $715K | 55 days | 1.3 mo |
| 37 | Poquoson | -5.5% | $528K | 94 days | 3.1 mo |
| 38 | Chester | -5.1% | $365K | 22 days | 1.8 mo |
| 39 | Rockwood | -4.9% | $359K | 22 days | 1.4 mo |
| 40 | Staunton | -4.5% | $250K | 18 days | 2.5 mo |
| 41 | Centreville | -4.5% | $534K | 44 days | 1.0 mo |
| 42 | Broadlands | -4.3% | $610K | 78 days | 0.6 mo |
| 43 | Christiansburg | -4.2% | $305K | 29 days | 1.9 mo |
| 44 | Newington | -3.8% | $653K | 47 days | 1.3 mo |
| 45 | Meadowbrook | -3.8% | $345K | 38 days | 0.7 mo |
| 46 | Roanoke | -3.7% | $225K | 24 days | 2.7 mo |
| 47 | Chantilly | -3.7% | $650K | 69 days | 2.1 mo |
| 48 | South Riding | -2.8% | $620K | 47 days | 1.3 mo |
| 49 | Alexandria | -2.4% | $600K | 62 days | 1.9 mo |
| 50 | Glen Allen | -2.4% | $419K | 41 days | 0.6 mo |
| 51 | Mechanicsville | -1.6% | $375K | 18 days | 2.1 mo |
| 52 | Lakeside | -1.6% | $345K | 16 days | 2.0 mo |
| 53 | Cherry Hill | -1.3% | $587K | 52 days | 3.5 mo |
| 54 | Salem | -1.1% | $279K | 35 days | 2.2 mo |
| 55 | Springfield | -1.0% | $645K | 29 days | 0.9 mo |
| 56 | Smithfield | -0.5% | $473K | 118 days | 2.3 mo |
| 57 | Mount Vernon | -0.3% | $783K | 68 days | 2.7 mo |
| 58 | Hollymead | -0.2% | $514K | 48 days | 2.3 mo |
58 cities in Virginia are experiencing year-over-year price declines. The largest drop is in Huntington at -48.0%.
Price drops can create buying opportunities, but timing the market is difficult. Work with a local agent who understands whether a market is stabilizing or may continue to decline.
Work with a local agent who can help you identify value in changing markets.
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