Virginia Beach, VA
Housing market overview · Updated weekly
$388,750median sale price
Homes sold
402
Last 12 weeks
Days on market
32
Average pace
Active listings
643
1.6 months supply
Sale-to-list
99.5%
Below asking
The Virginia Beach housing market is currently classified as a seller's market with a median sale price of $388,750. Prices have fallen 2.8% compared to last year, with homes spending an average of 32 days on market, indicating 1.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Virginia Beach?
The median home sale price in Virginia Beach is $388,750, down 2.8% from last year.
How long do homes stay on market in Virginia Beach?
Homes typically spend 32 days on market before going under contract.
Is Virginia Beach a buyer's or seller's market?
With 1.6 months of supply, Virginia Beach is currently a seller's market.
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