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Campbell Church Creek Deerfield Denbigh Plantation Denbrook East Shore Park Eastwood Hertzler Farm Horespoint Farm Kiln Creek Lucas Creek Menchville Menchville Meadows Nicewood Peach Orchard Pear Tree Hill Scufflefield Summerlake The Colony Turnberry Village Green Warwick Lawns Wendwood West Shore Park Windmill Point Young's Mill

NEWPORT NEWS, VA 23602

Real Estate Market Report
Balanced Market
June 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 23602

Campbell · Church Creek · Deerfield · Denbigh Plantation · Denbrook · East Shore Park · Eastwood · Hertzler Farm · Horespoint Farm · Kiln Creek · Lucas Creek · Menchville · Menchville Meadows · Nicewood · Peach Orchard · Pear Tree Hill · Scufflefield · Summerlake · The Colony · Turnberry · Village Green · Warwick Lawns · Wendwood · West Shore Park · Windmill Point · Young's Mill

Market Analysis

Data as of June 2026. Source: Realtor.com.

The NEWPORT NEWS, VA real estate market (23602) currently shows 91 active listings, with 10 pending sales. Homes are averaging 35 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

The median listing price has risen 9.4% year-over-year, from $319,975 to $349,998.

Whether you are buying or selling in NEWPORT NEWS, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 43,127  ·  Density: 1,266.1/mi²  ·  Median household income: $70,717

Typical home value: $251,713  ·  Homeownership: 52.1%

Market Overview

Active Listings
91
⇩ 1.1% vs 92 last year
Pending
10
11% pending ratio
Median Price
$349,998
⇧ 9.4% vs $319,975 last year
Average Price
$365,165
⇧ 4.6% vs $349,107 last year
Days on Market
35
vs 35 days last year

Price Per Square Foot

Median $/sqft
$192
⇩ 2% vs $196/sqft last year
Median Home Size
1,709 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 91 this year vs 92 last year
  • Days on market: 35 now vs 35 last year

Median & Average Pricing

Year over Year
  • Median: $349,998 (+9.4% YoY)
  • Average: $365,165 (+4.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.4 miles — 415 listings ($156,522,372 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23602Newport News, VA 236020.0 mi77$26,955,852$334,925$350,076
23608Newport News, VA 236082.9 mi98$34,134,870$334,675$348,315
23601Newport News, VA 236014.8 mi40$14,235,720$311,238$355,893
23603Newport News, VA 236036.0 mi15$4,951,800$346,748$330,120
23690Yorktown, VA 236907.1 mi16$7,361,168$439,950$460,073
23605Newport News, VA 236058.1 mi20$5,498,740$255,450$274,937
23062Gloucester Point, VA 230629.9 mi4$2,370,872$569,675$592,718
23661Hampton, VA 2366110.3 mi51$14,500,422$274,950$284,322
23314Carrollton, VA 2331411.4 mi37$14,962,134$342,718$404,382
23001Achilles, VA 2300112.2 mi1$759,000$759,000$759,000
23072Hayes, VA 2307212.6 mi38$18,613,122$414,925$489,819
23883Surry, VA 2388312.9 mi8$3,982,272$399,000$497,784
23433Suffolk, VA 2343314.4 mi10$8,196,400$656,175$819,640

Frequently Asked Questions

How many homes are for sale in NEWPORT NEWS, VA 23602?

As of June 2026, there are 91 active listings in NEWPORT NEWS, VA (zip code 23602), compared to 92 the prior year.

What is the median home price in NEWPORT NEWS, VA 23602?

The median listing price in NEWPORT NEWS, VA 23602 is $349,998 as of June 2026, a 9.4% increase from $319,975 the prior year.

How long do homes stay on the market in NEWPORT NEWS, VA?

Homes in NEWPORT NEWS, VA 23602 spend an average of 35 days on the market before going under contract, compared to 35 days the prior year.

Is it a seller's or buyer's market in NEWPORT NEWS, VA 23602?

Based on current inventory and days-on-market data as of June 2026, NEWPORT NEWS, VA 23602 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

How much can I save on real estate commission in NEWPORT NEWS, VA?

With SELL123.com's maximum 3% commission, sellers in NEWPORT NEWS, VA 23602 save an estimated $7,000 compared to a typical 5% commission on the median listing price of $349,998. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.