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Virginia Beach Market Report

$607,302

AVERAGE PRICE OF 1,070 HOMES

$289,830

AVERAGE PRICE OF 25 DISTRESSED HOMES

$2,012,559

AVERAGE PRICE OF 122 MULTI-MILLION DOLLAR HOMES

$799,706

AVERAGE PRICE OF 134 NEWLY BUILT HOMES

$1,016,251

AVERAGE PRICE OF 86 HOMES WITH A POOL

$578,787

AVERAGE PRICE OF 18 REDUCED PRICE HOMES

Average Home

Average Price $607,302
Avg Bedrooms 3.25 beds
Avg Bathrooms 2.18 baths

Average Price by Bedrooms

1 bedroom $227,041
2 bedrooms $306,626
3 bedrooms $421,392
4 bedrooms $615,165
5 bedrooms $1,026,017
Virginia Beach Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 1,019 1,007 1,118 1,228 1,250
Average Price $595,026 $584,935 $574,632 $571,193 $579,675
Avg Price Change +1.73% +1.79% +0.60% -1.48% +1.15%
Median Price $388,068 $376,796 $375,598 $376,422 $381,650
Med Price Change +2.99% +0.32% -0.22% -1.39% +1.00%
Avg Bedrooms 3.18 beds 3.17 beds 3.2 beds 3.2 beds 3.21 beds
Avg Bathrooms 2.14 baths 2.1 baths 2.11 baths 2.12 baths 2.13 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bayside 122 $345,230 42 days
First Colonial 108 $772,843 81 days
Frank W. Cox 170 $1,074,311 66 days
Green Run 85 $290,805 42 days
Kellam 172 $735,895 108 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,070 $607,302 69 days
Distressed Homes 25 $289,830 46 days
Multi-Million Dollar Homes 122 $2,012,559 145 days
Newly Built Homes 134 $799,706 120 days
Homes with a Pool 86 $1,016,251 41 days
Reduced Price Homes 18 $578,787 61 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: March 31, 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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