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NEWPORT NEWS, VA 23602

Real Estate Market Report
Buyer's Market
March 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 March 2026. Source: Realtor.com.

The NEWPORT NEWS, VA real estate market (23602) currently shows 86 active listings, with 11 pending sales. Homes are averaging 32 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 32 days on market compared to 25 days last year.

The median listing price has risen 5.1% year-over-year, from $319,900 to $336,250.

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
86
⇧ 10.3% vs 78 last year
Pending
11
13% pending ratio
Median Price
$336,250
⇧ 5.1% vs $319,900 last year
Average Price
$349,723
⇧ 1.5% vs $344,642 last year
Days on Market
32
⇧ 28% vs 25 days last year

Price Per Square Foot

Median $/sqft
$194
⇩ 2% vs $198/sqft last year
Median Home Size
1,649 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 86 this year vs 78 last year
  • Days on market: 32 now vs 25 last year

Median & Average Pricing

Year over Year
  • Median: $336,250 (+5.1% YoY)
  • Average: $349,723 (+1.5% 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 March 2026, there are 86 active listings in NEWPORT NEWS, VA (zip code 23602), compared to 78 the prior year.

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

The median listing price in NEWPORT NEWS, VA 23602 is $336,250 as of March 2026, a 5.1% increase from $319,900 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 32 days on the market before going under contract, compared to 25 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 March 2026, NEWPORT NEWS, VA 23602 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 32 days on market compared to 25 days last year.

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 $6,725 compared to a typical 5% commission on the median listing price of $336,250. 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.