Market Overview
Newport News's median sold price is $300K with homes averaging 41 days on market; Richmond is at $390K and 31 days (12-month settled sales in smover's records, through Aug 2026). Richmond is pricier ($390K median vs $300K), a difference of about $90K. Richmond moves faster, with homes averaging 31 days on market compared to 41 in Newport News. Newport News offers a lower entry point at $100K–$700K.
Newport News
VA
Richmond
VA
Median Sold Price
12 months through Aug 2026
$300K
$390K
Avg Days on Market
12 months through Aug 2026
41 days
31 days
Price Range
$100K–$700K
$125K–$1.5M
Notable Neighborhoods
Hilton Village, Oyster Point, Denbigh, Kiln Creek
The Fan, Carytown, Church Hill, Scott's Addition
VA
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Related Comparisons
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Frequently Asked Questions
Is Newport News or Richmond more affordable?
Newport News is more affordable with a median sold price of $300K, compared to $390K in Richmond (12-month settled sales in smover's records, through Aug 2026). Both cities offer a wide range of housing options, from condos and townhomes to single-family homes. Newport News prices range from $100K–$700K. Richmond prices range from $125K–$1.5M.
How do Newport News and Richmond compare?
Newport News stretches from the James River to the Chesapeake Bay, anchored by Newport News Shipbuilding, one of the nation's largest industrial employers. Richmond is Virginia's capital and a city experiencing a major renaissance. The right choice depends on your priorities: budget, commute length, home types, and neighborhood feel. smover lets you compare agent profiles and available transaction records in either city.
Median sold prices and days on market are 12-month aggregates of settled sales in smover's records, through Aug 2026. School data from Virginia DOE, Maryland MSDE, and DC OSSE public reports. Property tax rates from Virginia Dept. of Taxation (2024). Walkability scores from Walk Score (2024). Crime data from FBI UCR and Virginia State Police (2023). Commute times are approximate rush-hour estimates. Updated September 2026.