Long Island, VA—24569

As of Aug '25, the median home price in Long Island, VA is $168,000, with a year-over-year change of -4.0%. This indicates that home prices in Long Island, VA are decreasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Long Island, VA is 9. This is an decrease of -95.0% from last year. This indicates that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Long Island, VA in that year was NA. NA of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was NA. Of those, NA were >90% loan to value. This is considered unknown, suggesting that mortgage risk is unknown in Long Island, VA. Investor activity in Long Island, VA is unknown, as NA of all loans are originated by investors. In 2023, NA of all loans were cash-out refinances, suggesting unknown homeowners are actively tapping their home's equity.