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Virginia Beach Market Report

$642,665

AVERAGE PRICE OF 1,220 HOMES

$272,445

AVERAGE PRICE OF 20 DISTRESSED HOMES

$2,038,468

AVERAGE PRICE OF 154 MULTI-MILLION DOLLAR HOMES

$846,002

AVERAGE PRICE OF 137 NEWLY BUILT HOMES

$1,088,307

AVERAGE PRICE OF 111 HOMES WITH A POOL

$559,546

AVERAGE PRICE OF 36 REDUCED PRICE HOMES

Average Home

Average Price $642,665
Avg Bedrooms 3.24 beds
Avg Bathrooms 2.18 baths

Average Price by Bedrooms

1 bedroom $1,229,304
2 bedrooms $303,544
3 bedrooms $450,224
4 bedrooms $674,554
5 bedrooms $948,260
Virginia Beach Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 1,199 1,120 1,027 1,019 1,007
Average Price $623,273 $607,749 $605,726 $595,026 $584,935
Avg Price Change +2.55% +0.33% +1.80% +1.73% +1.79%
Median Price $408,903 $400,254 $393,016 $388,068 $376,796
Med Price Change +2.16% +1.84% +1.28% +2.99% +0.32%
Avg Bedrooms 3.24 beds 3.24 beds 3.22 beds 3.18 beds 3.17 beds
Avg Bathrooms 2.18 baths 2.17 baths 2.17 baths 2.14 baths 2.1 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bayside 114 $361,852 35 days
First Colonial 128 $814,015 76 days
Frank W. Cox 236 $1,112,118 59 days
Kellam 188 $734,886 95 days
Salem 104 $364,570 39 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,220 $642,665 60 days
Distressed Homes 20 $272,445 67 days
Multi-Million Dollar Homes 154 $2,038,468 111 days
Newly Built Homes 137 $846,002 97 days
Homes with a Pool 111 $1,088,307 34 days
Reduced Price Homes 36 $559,546 44 days
Keller Williams Elite Western Branch - JMD Elite Services, LLC
Jarrett Caldwell
3207 Churchland Blvd
Chesapeake, VA 23321
757-269-9704

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REIN update its listing on a daily basis. data last updated: June 4, 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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