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Virginia Beach Market Report

$570,818

AVERAGE PRICE OF 1,212 HOMES

$250,468

AVERAGE PRICE OF 16 DISTRESSED HOMES

$1,981,650

AVERAGE PRICE OF 125 MULTI-MILLION DOLLAR HOMES

$819,289

AVERAGE PRICE OF 148 NEWLY BUILT HOMES

$1,080,304

AVERAGE PRICE OF 96 HOMES WITH A POOL

$536,961

AVERAGE PRICE OF 21 REDUCED PRICE HOMES

Average Home

Average Price $570,818
Avg Bedrooms 3.21 beds
Avg Bathrooms 2.12 baths

Average Price by Bedrooms

1 bedroom $238,043
2 bedrooms $288,507
3 bedrooms $418,971
4 bedrooms $558,604
5 bedrooms $989,013
Virginia Beach Home Price Trends
  10/2022 9/2022 8/2022 7/2022 6/2022
Total Listings 1,250 1,408 1,530 1,585 n/a
Average Price $579,675 $573,080 $551,060 $549,064 n/a
Avg Price Change +1.15% +4.00% +0.36% n/a n/a
Median Price $381,650 $377,886 $366,026 $364,500 n/a
Med Price Change +1.00% +3.24% +0.42% n/a n/a
Avg Bedrooms 3.21 beds 3.21 beds 3.19 beds 3.21 beds n/a
Avg Bathrooms 2.13 baths 2.14 baths 2.12 baths 2.14 baths n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bayside 126 $358,173 54 days
First Colonial 112 $687,540 96 days
Frank W. Cox 192 $1,040,838 104 days
Green Run 124 $289,092 40 days
Kellam 165 $720,815 115 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,212 $570,818 80 days
Distressed Homes 16 $250,468 68 days
Multi-Million Dollar Homes 125 $1,981,650 197 days
Newly Built Homes 148 $819,289 166 days
Homes with a Pool 96 $1,080,304 60 days
Reduced Price Homes 21 $536,961 40 days
Jake Maines
200 Bendix Rd Suite 270
Virginia Beach, VA 23452
757-568-8018

Approved Mortgage Lenders

Randy DeMille
Atlantic Bay Mortgage Group
757-222-4904


Ben Munson
Tidewater Mortgage Services
757-605-4830



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