Legacy Home Team @ LPT
Newport News City, VA
Single-Family Homes
Legacyhomesearch.com Admin@Yourfriendlyagent.net 757-654-5059
Newport News City, VA
Wed Apr 29 2026
This week the median list price for Newport News City, VA is $324,950 with the market action index hovering around 56. This is an increase over last month's market action index of 53. Inventory has held steady at or around 190.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $324,950 | |
| Median Price of New Listings | $345,000 | |
| Per Square Foot | $198 | |
| Average Days on Market | 61 | |
| Median Days on Market | 28 | |
| Price Decreased | 38% | |
| Price Increased | 1% | |
| Relisted | 11% | |
| Inventory | 190 | |
| Median Rent | ||
| Market Action | 56 | |
| Strong Seller's Market | ||
Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $505,000 | 2,674 | 0.25 - 0.5 acre | 4 | 2.5 | 35 | 7 | 9 | 21 |
| $365,000 | 1,834 | 6,500 - 8,000 sqft | 4 | 2.5 | 54 | 14 | 15 | 28 |
| $294,850 | 1,409 | 4,500 - 6,500 sqft | 3 | 2 | 65 | 9 | 13 | 28 |
| $216,000 | 1,074 | 4,500 - 6,500 sqft | 3 | 1 | 76 | 7 | 10 | 35 |