Hampton Roads, VA Real Estate Market Update January 2026: Should You Sell Now or Wait?

If you’re a homeowner in Hampton Roads trying to decide whether now is the right time to sell or if waiting might bring better results, the January numbers offer valuable clarity. Compared to last year, the market has shifted in ways that directly affect pricing, timing, and seller strategy.

This January 2026 Hampton Roads market update compares current data with January 2025 and explains what it means for home sellers navigating today’s conditions.

HAMPTON ROADS JANUARY MARKET UPDATE:

JANUARY 2026
Total # Homes Sold: 2,761
Avg. Sold Price: $425,366
Days on Market: 44

JANUARY 2025
Total # Homes Sold: 2,614
Avg. Sold Price: $401,980
Days on Market: 44

What’s Happening in the Hampton Roads Housing Market?

1. More Homes Are Selling

Home sales increased from 2,614 in January 2025 to 2,761 in January 2026. This growth shows that buyer demand across Hampton Roads remains solid.

While buyers are still active, they are approaching purchases with more intention. They are comparing options carefully and prioritizing homes that are priced well and move-in ready.

For sellers, this means the market is active, but strong results require the right strategy.

2. Home Prices Have Risen Year Over Year

The average sold price increased from $401,980 to $425,366.

This price growth signals continued strength in Hampton Roads home values. Buyers are still willing to pay more, especially for homes in desirable locations or those that are well maintained.

However, rising averages do not guarantee top dollar for every listing. Pricing still needs to reflect current comparable sales and buyer expectations.

3. Days on Market Have Remained Steady

Days on market held steady at 44 days year over year.

This stability suggests a balanced pace. Homes are neither flying off the market nor stalling significantly longer than last year. Buyers are taking a reasonable amount of time to make decisions, and sellers can expect a consistent selling timeline when homes are positioned correctly.

What This Means for Pricing Your Hampton Roads Home

Rising prices combined with steady days on market create a favorable environment for sellers, but only when pricing is accurate.

Overpricing can still slow momentum and reduce buyer interest. Homes that launch at the right price tend to attract stronger initial activity, which helps protect final sale price.

Strategic pricing, based on current data rather than assumptions, remains one of the most important factors for success.

What This Means for Timing

Many Hampton Roads homeowners are wondering whether waiting later in the year will lead to even higher prices.

While appreciation has been steady, waiting often brings increased competition as more sellers decide to list. More inventory gives buyers additional leverage and more choices.

Selling now may allow you to take advantage of strong pricing while competition remains manageable.

Timing should be aligned with your personal goals, equity position, and future plans, not just market speculation.

Common Mistakes Hampton Roads Sellers Are Making Right Now

  1. Pricing based on optimism rather than current data

  2. Ignoring the increase in days on market and underestimating buyer negotiation

  3. Delaying necessary repairs or presentation updates

  4. Waiting for “perfect” conditions instead of evaluating personal timing

The Hampton Roads housing market in January 2026 remains healthy and balanced. Sellers who adjust their strategy are continuing to achieve strong outcomes.

Is Now a Good Time to Sell in Hampton Roads?

The data shows more sales, higher prices, and stable selling timelines. That combination creates opportunity for sellers who are prepared and informed.

If you’re unsure whether selling now or waiting makes the most sense for your situation, personalized guidance can help you decide with confidence.

We cover this in depth at our Home Seller Workshop | Every Fourth Tuesday of the Month @ 7 PM. It is designed to help you understand your options, avoid costly mistakes, and build a strategy that works in today’s market. If clarity is what you are looking for, this is the next best step. Don’t miss out on this incredible opportunity! You can sign up to attend HERE.

Your Price is Our Promise®. Your Home SOLD 100% of the Asking Price, or We Will Pay You the Difference! Call us at 804-486-7388 or visit us HERE.