Virginia Beach Market Report
$600,187
AVERAGE PRICE OF 1,143 HOMES$319,247
AVERAGE PRICE OF 23 DISTRESSED HOMES$1,785,211
AVERAGE PRICE OF 146 MULTI-MILLION DOLLAR HOMES$864,781
AVERAGE PRICE OF 115 NEWLY BUILT HOMES$1,053,184
AVERAGE PRICE OF 90 HOMES WITH A POOL$543,824
AVERAGE PRICE OF 60 REDUCED PRICE HOMESAverage Home
| Average Price | $600,187 |
| Avg Bedrooms | 3.25 beds |
| Avg Bathrooms | 2.13 baths |
Average Price by Bedrooms
| 1 bedroom | $319,850 |
| 2 bedrooms | $294,153 |
| 3 bedrooms | $429,561 |
| 4 bedrooms | $614,162 |
| 5 bedrooms | $1,006,550 |
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 | 116 | $348,549 | 50 days |
| First Colonial | 116 | $755,649 | 81 days |
| Frank W. Cox | 185 | $1,054,479 | 88 days |
| Green Run | 121 | $304,462 | 44 days |
| Kellam | 182 | $756,113 | 121 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,143 | $600,187 | 74 days |
| Distressed Homes | 23 | $319,247 | 104 days |
| Multi-Million Dollar Homes | 146 | $1,785,211 | 142 days |
| Newly Built Homes | 115 | $864,781 | 119 days |
| Homes with a Pool | 90 | $1,053,184 | 52 days |
| Reduced Price Homes | 60 | $543,824 | 52 days |
