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Virginia Beach

Why you'd want to live in Virginia Beach

Virginia Beach, a coastal city in southeastern Virginia, lies where the Chesapeake Bay meets the Atlantic Ocean. A 3-mile boardwalk stretches along its beach-lined oceanfront. The bayside First Landing State Park marks the 1607 arrival of the Jamestown colonists from England. The Virginia Aquarium & Marine Science Center exhibits ocean life including sharks, rays and sea turtles in globally themed habitats. via google

Virginia Beach Market Report

$645,588

AVERAGE PRICE OF 1,218 HOMES

$273,947

AVERAGE PRICE OF 19 DISTRESSED HOMES

$2,058,100

AVERAGE PRICE OF 156 MULTI-MILLION DOLLAR HOMES

$839,940

AVERAGE PRICE OF 142 NEWLY BUILT HOMES

$1,129,929

AVERAGE PRICE OF 112 HOMES WITH A POOL

$512,576

AVERAGE PRICE OF 17 REDUCED PRICE HOMES

Average Home

Average Price $645,588
Avg Bedrooms 3.27 beds
Avg Bathrooms 2.19 baths

Average Price by Bedrooms

1 bedroom $1,370,365
2 bedrooms $307,381
3 bedrooms $444,740
4 bedrooms $671,466
5 bedrooms $964,854
Virginia Beach Home Price Trends
  4/2023 3/2023 2/2023 1/2023 12/2022
Total Listings 1,120 1,027 1,019 1,007 1,118
Average Price $607,749 $605,726 $595,026 $584,935 $574,632
Avg Price Change +0.33% +1.80% +1.73% +1.79% +0.60%
Median Price $400,254 $393,016 $388,068 $376,796 $375,598
Med Price Change +1.84% +1.28% +2.99% +0.32% -0.22%
Avg Bedrooms 3.24 beds 3.22 beds 3.18 beds 3.17 beds 3.2 beds
Avg Bathrooms 2.17 baths 2.17 baths 2.14 baths 2.1 baths 2.11 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bayside 113 $362,195 37 days
First Colonial 133 $822,849 74 days
Frank W. Cox 225 $1,146,633 62 days
Kellam 192 $738,061 97 days
Salem 99 $364,891 44 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,218 $645,588 62 days
Distressed Homes 19 $273,947 70 days
Multi-Million Dollar Homes 156 $2,058,100 115 days
Newly Built Homes 142 $839,940 97 days
Homes with a Pool 112 $1,129,929 37 days
Reduced Price Homes 17 $512,576 42 days
Iron Valley Real Estate Virginia Beach
Andy Nelson
200 Bendix Rd. Ste 270
Virginia Beach, VA 23452
757-550-1702

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REIN update its listing on a daily basis. data last updated: May 31, 2023

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