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Virginia Beach Market Report

$598,370

AVERAGE PRICE OF 1,129 HOMES

$318,928

AVERAGE PRICE OF 24 DISTRESSED HOMES

$1,821,842

AVERAGE PRICE OF 137 MULTI-MILLION DOLLAR HOMES

$853,072

AVERAGE PRICE OF 115 NEWLY BUILT HOMES

$1,103,122

AVERAGE PRICE OF 87 HOMES WITH A POOL

$387,465

AVERAGE PRICE OF 48 REDUCED PRICE HOMES

Average Home

Average Price $598,370
Avg Bedrooms 3.27 beds
Avg Bathrooms 2.13 baths

Average Price by Bedrooms

1 bedroom $307,136
2 bedrooms $293,411
3 bedrooms $433,237
4 bedrooms $607,216
5 bedrooms $991,945
Virginia Beach Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 1,194 1,176 1,209 1,189 1,169
Average Price $607,882 $624,206 $612,685 $619,801 $632,505
Avg Price Change -2.69% +1.88% -1.16% -2.05% -1.92%
Median Price $408,044 $425,362 $418,727 $413,315 $413,268
Med Price Change -4.24% +1.58% +1.31% +0.01% -0.73%
Avg Bedrooms 3.23 beds 3.22 beds 3.23 beds 3.22 beds 3.25 beds
Avg Bathrooms 2.12 baths 2.14 baths 2.16 baths 2.16 baths 2.18 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bayside 113 $348,728 51 days
First Colonial 119 $778,844 79 days
Frank W. Cox 183 $1,037,817 88 days
Green Run 118 $304,840 46 days
Kellam 172 $746,204 123 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,129 $598,370 74 days
Distressed Homes 24 $318,928 104 days
Multi-Million Dollar Homes 137 $1,821,842 145 days
Newly Built Homes 115 $853,072 120 days
Homes with a Pool 87 $1,103,122 52 days
Reduced Price Homes 48 $387,465 44 days
Jake Maines Realty
Iron Valley Real Estate Hampton Roads
200 Bendix Rd Suite 270
Virginia Beach, VA 23452
757-568-8018


Approved Mortgage Lenders
Ben Munson
Tidewater Mortgage Services
757-605-4830


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