Most real estate agents in Virginia get paid through commissions. Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. The average real estate agent commission rate nationwide is 5.8% of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year. But how does that compare to the average real estate commission rate in Virginia? In this post, we’ll help you determine how much commission you might pay on your Virginia home sale, and what options are available to earn the highest proceeds possible. According to top Virginia agent Walter Grewe of Roanoke, you can expect to pay between 4%-6% in agent commissions when selling a home in Virginia, with some variation based on location within the state. On a property worth the current statewide median home sale price of $391,000, that amounts to $15,640–$23,460 in commission costs. However, Grewe, who has 17 years of experience, says he has seen sellers pay a set monetary amount instead of a percentage. Using an overall statewide average of 5%, here’s a breakdown of how much you might pay in real estate commissions based on what a home sells for in six of the largest cities in Virginia: HomeLight gathers agent commission data from cities throughout the U.S. To see if we have commission rates for your city, try our Agent Commissions Calculator. You might also be interested in our Home Value Estimator. Still curious about commission rates in Virginia? Here are the answers to common questions about real estate agent commissions: The commission is typically paid by the home seller, and the seller’s agent will then split the commission with the buyer’s agent. As Grewe explains, “It’s been my experience that commission is typically split 50/50 between the buyer’s agent and the listing agent, but [percentages and flat rates are] negotiable,” Grewe says.What’s the average real estate commission in Virginia?
Virginia city
Median home price
Average commission at 5%
Virginia Beach
$320,000
$16,000
Chesapeake
$325,000
$16,250
Arlington
$622,500
$31,125
Norfolk
$267,500
$13,375
Richmond
$310,000
$15,500
Newport News
$225,000
$11,250
Who pays real estate commission fees?
