Virginia foreclosures and housing market
How foreclosure works in Virginia, which counties lean to buyers or sellers, and how many homes are for sale right now.
How's the market in Virginia?
A seller's market.
Listings spent about 53 days on the market, and 21% had a price cut in October 2026.
Market figures: Realtor.com® Economic Research, October 2026. Free weekly email. Unsubscribe anytime.
Distressed properties in Virginia
Pre-foreclosures, auctions, bank-owned and HUD homes from county notices, with the street area instead of the house number.
Representative photoWe are not tracking properties in Virginia yet
Our property list covers a handful of counties so far. Leave your email for the free weekly brief, and we will note that you want property alerts for Virginia.
The closest place we track is Florida, with 1 property.
The Virginia market in October 2026
Our score compares how many listings went under contract with how many were for sale, ranked against every US county. Low scores lean to buyers, high scores to sellers.
Virginia market score
- Homes for sale
- 26,808
- US: 1,179,101
- Typical days on market
- 53
- US: 66
- Listings with a price cut
- 21%
- US: 21%
- Homes for sale vs pre-pandemic
- −24%
- US: −7%
- October 2026 vs the October average for 2017 to 2019.
Market score by county
Check any countyGray counties had too few listings to score. Tap a county for its full answer.
Most buyer-friendly counties
Lowest scores among counties with 50+ homes for sale.
- 0Virginia Beach city40 days on market · 24% with a price cut · 1,142 for sale
- 0Chesapeake city45 days on market · 25% with a price cut · 770 for sale
- 0Norfolk city43 days on market · 24% with a price cut · 641 for sale
- 0Suffolk city50 days on market · 18% with a price cut · 530 for sale
- 0Isle of Wight County57 days on market · 20% with a price cut · 192 for sale
Most seller-friendly counties
Highest scores among counties with 50+ homes for sale.
- 96Waynesboro city55 days on market · 19% with a price cut · 100 for sale
- 94Chesterfield County43 days on market · 21% with a price cut · 1,166 for sale
- 93Henrico County39 days on market · 19% with a price cut · 766 for sale
- 93Rockingham County51 days on market · 17% with a price cut · 200 for sale
- 93Staunton city58 days on market · 21% with a price cut · 106 for sale
Source: Realtor.com® Economic Research, October 2026 county data. County days on market are medians. State and US figures weight each county by its homes for sale. Price-cut share is the share of listings with a price reduction.
How foreclosure works in Virginia
Most Virginia foreclosures are non-judicial.
- Main steps and notices
- The notice of sale goes by certified or registered mail at least 60 days before the sale for an owner-occupied home, or 14 days for other property.
- The sale is generally published once a week for four weeks, or as the deed of trust sets.
- The sale is at least eight days after the first notice and no more than 30 days after the last.
- Catching up before the sale
- State law does not require a right to reinstate.
- After the sale
- There is no right to redeem after the sale.
- Before any of this starts
- Under federal rules, a mortgage servicer generally can't make the first notice or filing for foreclosure until the borrower is more than 120 days behind.
- Governing law
- Code of Virginia § 8.01-241; § 55.1-321; § 55.1-322
Sources
- Justia, Foreclosure laws and procedures: 50-state survey (last reviewed November 2022)
- Nolo, Foreclosure redemption period rights (state chart)
- Consumer Financial Protection Bureau, How to avoid foreclosure
General information, not legal advice.
Laws change and each case differs. Anyone facing foreclosure should talk with a local attorney or a HUD-approved housing counselor.
Go deeper
- Check any county's marketPick a county in Virginia and see whether it leans to buyers or sellers.
- Read the buying guidesHow to buy pre-foreclosures, auction homes, bank-owned homes, HUD homes and short sales.
- Help if you're behind on your mortgageWhere you are in the process, your options, free counselors and scam warnings.
Virginia questions
Is foreclosure in Virginia judicial or non-judicial?
Most Virginia foreclosures are non-judicial.
Can a homeowner get the home back after a foreclosure sale in Virginia?
There is no right to redeem after the sale.
Can a borrower in Virginia catch up on the loan before the sale?
State law does not require a right to reinstate.
Is Virginia a buyer's or seller's market right now?
A seller's market. Virginia scores 62 out of 100 on our market scale, where low scores lean to buyers. Listings spent about 53 days on the market, and 21% had a price cut in October 2026. Source: Realtor.com® Economic Research.
How far behind does a borrower have to be before foreclosure starts?
Under federal rules, a mortgage servicer generally can't make the first notice or filing for foreclosure until the borrower is more than 120 days behind. Source: Consumer Financial Protection Bureau.