Is Newport News, VA 23601 a buyer’s or seller’s market?
Newport News is a seller’s market. With about 2.1 months of supply and 34% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 76% of U.S. ZIP codes, and #104 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Newport News housing market right now
In the three months ending August 31, 2026, 34% of homes in Newport News, VA 23601 sold above their list price, the typical home went under contract in 24 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 75 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 30%, homes sold more slowly (22 days then) and the median sale price rose 4% to $314,864. Overall, Newport News is more competitive than a year ago, so tougher for buyers.
Within Newport News city, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Newport News ranks #104 of 358 VA ZIP codes with enough sales (score 72 out of 100).
Nearby, buyers who want less competition could look at Newport News 23607 (24% sold over asking) or Newport News 23602 (32% sold over asking), while Newport News 23605 (44% sold over asking) is even more competitive.
Run the numbers for 23601
Nearby markets
Newport News 23602Seller’s market $193 /sq ftNewport News 23603Seller’s market $189 /sq ftNewport News 23605Seller’s market $216 /sq ftNewport News 23606Seller’s market $205 /sq ft Browse all markets →Towns like Newport News nearby
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Questions about Newport News real estate
Is Newport News a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Newport News, VA 23601 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Newport News?
The typical home went under contract in 24 days in the latest three months.
Do homes in Newport News sell over asking?
34% of homes sold above their original list price, and the typical sale closed at 99.4% of the list price.
What are property taxes in Newport News?
About 1.01% of a home’s value a year in Newport News city, or roughly $4,040 on a $400,000 home.
What is the median home price in Newport News?
The median sale price was $314,864 in the three months ending August 31, 2026, about $204 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology