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Virginia Beach Market Report

$608,003

AVERAGE PRICE OF 1,197 HOMES

$270,800

AVERAGE PRICE OF 17 DISTRESSED HOMES

$1,924,651

AVERAGE PRICE OF 134 MULTI-MILLION DOLLAR HOMES

$825,079

AVERAGE PRICE OF 126 NEWLY BUILT HOMES

$1,091,958

AVERAGE PRICE OF 97 HOMES WITH A POOL

$644,304

AVERAGE PRICE OF 46 REDUCED PRICE HOMES

Average Home

Average Price $608,003
Avg Bedrooms 3.23 beds
Avg Bathrooms 2.17 baths

Average Price by Bedrooms

1 bedroom $1,363,090
2 bedrooms $333,362
3 bedrooms $432,782
4 bedrooms $600,650
5 bedrooms $985,122
Virginia Beach Home Price Trends
  8/2023 7/2023 6/2023 5/2023 4/2023
Total Listings 1,189 1,169 1,209 1,199 1,120
Average Price $619,801 $632,505 $644,657 $623,273 $607,749
Avg Price Change -2.05% -1.92% +3.43% +2.55% +0.33%
Median Price $413,315 $413,268 $416,296 $408,903 $400,254
Med Price Change +0.01% -0.73% +1.81% +2.16% +1.84%
Avg Bedrooms 3.22 beds 3.25 beds 3.25 beds 3.24 beds 3.24 beds
Avg Bathrooms 2.16 baths 2.18 baths 2.18 baths 2.18 baths 2.17 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bayside 148 $359,796 42 days
First Colonial 112 $793,083 75 days
Frank W. Cox 204 $1,000,073 65 days
Green Run 103 $315,904 43 days
Kellam 192 $754,114 99 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,197 $608,003 64 days
Distressed Homes 17 $270,800 105 days
Multi-Million Dollar Homes 134 $1,924,651 133 days
Newly Built Homes 126 $825,079 98 days
Homes with a Pool 97 $1,091,958 43 days
Reduced Price Homes 46 $644,304 44 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: September 22, 2023

Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions.

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