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uying or selling a home is one of life's most significant financial transactions, and real estate agent commissions can be a costly part of the deal. In Virginia, the average combined cost of commissions for a home sale is 5.19 percent, according to Clever Real Estate data.
This translates to $23,012 on a median-priced home in Virginia, which was $443,400 in February 2025, according to Redfin. However, it's not an even split between both agents; the average commission for just the listing agent is 2.62 percent ($11,617), while the buyer's agent averages 2.57 percent ($11,395).
Median home prices vary significantly from one city to another in Virginia, affecting the exact amount you'll pay for commission. Here are examples of commission costs in four cities:
* Roanoke: $220,000 (median price) - Total agent commission: $11,418; Listing agent commission only: $5,764; Buyer's agent commission only: $5,654
* Chesapeake: $365,000 (median price) - Total agent commission: $18,788; Listing agent commission only: $9,563; Buyer's agent commission only: $9,381
* Richmond: $385,000 (median price) - Total agent commission: $19,982; Listing agent commission only: $10,087; Buyer's agent commission only: $9,895
* Alexandria: $647,450 (median price) - Total agent commission: $33,603; Listing agent commission only: $16,963; Buyer's agent commission only: $16,639
Real estate agents provide a range of services to earn their commissions. For sellers, this includes setting the list price, creating property listings, and conducting marketing efforts. Buyers' agents research properties that fit their clients' budgets and lifestyles, schedule viewings, and negotiate prices.
Traditionally, sellers covered both their own agent's commission and the buyer's agent's commission. However, a 2024 lawsuit settlement introduced new rules allowing buyers to pay their own agent directly or for sellers to cover this cost on behalf of the buyer.
While it's not mandatory to work with a real estate agent in Virginia, hiring one can provide peace of mind and valuable expertise throughout the process. If you're concerned about commission costs, consider negotiating with your agent, working with a discount agent, or exploring alternative options like flat-fee agents or for-sale-by-owner listings.
When selecting a real estate agent, research their online presence, reviews from past clients, and interview potential candidates to find a professional you can trust.
