Is Newport News, VA 23603 a buyer’s or seller’s market?
Newport News is a seller’s market. With about 2.7 months of supply and 33% 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 65% of U.S. ZIP codes, and #198 of 362 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 July 31, 2026. See the breakdown
The Newport News housing market right now
In the three months ending August 31, 2026, 33% of homes in Newport News, VA 23603 sold above their list price, the typical home went under contract in 29 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 20%, homes sold faster (50 days then) and the median sale price rose 16% to $343,351. Overall, Newport News is more competitive than a year ago, so tougher for buyers.
Within Newport News city, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in 67%.
Nearby, buyers who want less competition could look at Newport News 23607 (24% sold over asking), while Newport News 23605 (44% sold over asking) and Newport News 23606 (36% sold over asking) are even more competitive.
Run the numbers for 23603
Nearby markets
Newport News 23601Seller’s market $204 /sq ftNewport News 23602Seller’s market $193 /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 2.7 months of supply in Newport News, VA 23603 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 29 days in the latest three months.
Do homes in Newport News sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 99.2% 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 $343,351 in the three months ending August 31, 2026, about $189 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