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Sarah Mitchell

CNESRESABR

Compass Real Estate · Virginia Beach, VA

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Virginia Beach, VA(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Virginia Beach, VA Housing Market & Real Estate

Seller's market+4.4% YoY

Housing market overview · Updated monthly ·

$426,000median sale price

How is the Virginia Beach, VA housing market right now?

The median home sale price in Virginia Beach, VA is $426,000, up 4.4% year-over-year. Homes sell in an average of 23 days with 1,010 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

Is Virginia Beach a buyer's or seller's market?

Seller's market1.8 months of supply23 avg. days on market

Virginia Beach, VA is currently a seller's market, based on 1.8 months of supply and homes selling in about 23 days. How we determine this →

Homes sold

552

Last 12 weeks

Days on market

23

Average pace

Active listings

1,010

1.8 months supply

Sale-to-list

99.9%

Below asking

What does the Virginia Beach housing market data show?

Current housing market statistics for Virginia Beach, VA
MetricValue
Median sale price$426,000
Median list price$449,900
Year-over-year price change+4.4%
Average days on market23 days
Active inventory1,010 listings
Months of supply1.8 months
Sale-to-list price ratio99.9%
Median price per sq ft$245/sq ft
Homes sold (latest month)552
New listings (latest month)745
Listings with a price cut23.5%
Market conditionSeller's market

Source: Redfin · Updated monthly

How much do homes cost in Virginia Beach by property type?

How the Virginia Beach, VA market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Virginia Beach, VA
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$501,000$258/sq ft31921 days
Condo / Co-op$350,000$225/sq ft14534 days
Townhouse$304,000$218/sq ft8721 days

Source: Redfin · Updated monthly

The Virginia Beach housing market is currently classified as a seller's market with a median sale price of $426,000. Prices have risen 4.4% compared to last year, with homes spending an average of 23 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.8x provides context for how home values compare to local earning capacity.

Homes for sale in Virginia Beach

There are currently 1,010 homes listed for sale in Virginia Beach, Virginia. The median listing price is $450K. Featured listings range from $250,000 to $1,025,000.

2 bedroom townhouse for sale at 3913 Thalia Trace Ct Virginia Beach - $250,000
$250,000

3913 Thalia Trace Ct

Virginia Beach, VA

2 bd2 ba981 sqft$255/ft²
Townhouse3,306 sqft lot
View photos & details
3 bedroom house for sale at 3204 Club House Rd Virginia Beach - $300,000
$300,000

3204 Club House Rd

Virginia Beach, VA

3 bd2 ba1,900 sqft$158/ft²
House16,988 sqft lot
View photos & details
5 bedroom house for sale at 701 S Lynnhaven Rd Virginia Beach - $354,900
$354,900

701 S Lynnhaven Rd

Virginia Beach, VA

5 bd2 ba1,926 sqft$184/ft²
House8,895 sqft lot
View photos & details
3 bedroom house for sale at 6344 Dartmouth Way Virginia Beach - $375,000
$375,000

6344 Dartmouth Way

Virginia Beach, VA

3 bd2 ba2,030 sqft$185/ft²
House8,399 sqft lot
View photos & details
3 bedroom house for sale at 3644 Walnut Hill Rd Virginia Beach - $380,000
$380,000

3644 Walnut Hill Rd

Virginia Beach, VA

3 bd2 ba1,522 sqft$250/ft²
House
View photos & details
4 bedroom house for sale at 4412 Paul Jones Ln Virginia Beach - $420,000
$420,000

4412 Paul Jones Ln

Virginia Beach, VA

4 bd3 ba2,000 sqft$210/ft²
House
View photos & details
4 bedroom house for sale at 4868 Boxford Rd Virginia Beach - $504,900
$504,900

4868 Boxford Rd

Virginia Beach, VA

4 bd3 ba2,200 sqft$230/ft²
House6,003 sqft lot
View photos & details
3 bedroom house for sale at 929 Kela Cres Virginia Beach - $525,000
$525,000

929 Kela Cres

Virginia Beach, VA

3 bd3 ba2,500 sqft$210/ft²
House
View photos & details
5 bedroom house for sale at 4517 Rothwell Dr Virginia Beach - $585,000
$585,000

4517 Rothwell Dr

Virginia Beach, VA

5 bd3 ba2,981 sqft$196/ft²
House
View photos & details
3 bedroom house for sale at 320 25th 1/2 St Virginia Beach - $629,000
$629,000

320 25th 1/2 St

Virginia Beach, VA

3 bd3 ba1,450 sqft$434/ft²
House
View photos & details
3 bedroom townhouse for sale at 2233 Cape Arbor Dr Virginia Beach - $659,000
$659,000

2233 Cape Arbor Dr

Virginia Beach, VA

3 bd3 ba1,891 sqft$348/ft²
Townhouse
View photos & details
4 bedroom condo for sale at 116 72nd St Virginia Beach - $1,025,000
$1,025,000

116 72nd St

Virginia Beach, VA

4 bd3 ba2,220 sqft$462/ft²
Condo
View photos & details

Looking to buy in Virginia Beach?

Get connected with a local real estate expert — free, no obligation.

Active listings

1,010

Homes on market

Median list price

$450K

Avg. days on market

23

Days until sale

New this week

745

Newly listed

Price drops:23.5%of listings
Sale-to-list:99.9%

Who lives in Virginia Beach?

Population

457,066

Median income

$90,685/yr

Median age

37.4 years

Owner-occupied

64.9%

College grads

40.4%

Avg commute

23.2 min

Source: U.S. Census Bureau ACS

What are homes worth in Virginia Beach?

Zillow home value

$432,734

Zillow rent index

$2,065/mo

Price-to-rent ratio

17.5x

Price-to-income

4.8x

Source: Zillow Research

What is it like to live in Virginia Beach?

Virginia Beach is a community of approximately 457K residents with a median age of 37.4 years.The median household income is $90,685, which reflects a relatively affluent area with strong earning potential. 40.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.

Homeownership rates are at 64.9%, showing a blend of owner and renter-occupied properties. The average commute time is 23.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Virginia Beach offers a balanced lifestyle with accessible home values relative to local income levels.

Which public schools serve Virginia Beach?

50 schools tracked · 50,569 students

The largest public schools serving Virginia Beach, VA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.

Landstown High

Grades 9-12 · 2,212 students

Public

Kempsville High

Grades 9-12 · 2,051 students

Public

Bayside High

Grades 9-12 · 1,990 students

Public

Floyd Kellam High

Grades 9-12 · 1,892 students

Public

Tallwood High

Grades 9-12 · 1,875 students

Public

Ocean Lakes High

Grades 9-12 · 1,814 students

Public

First Colonial High

Grades 9-12 · 1,732 students

Public

Princess Anne High

Grades 9-12 · 1,715 students

Public

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

Which cities are near Virginia Beach, VA?

Want a head-to-head view? Compare Virginia Beach side-by-side with any other U.S. city using our market-comparison tool.

Is Virginia Beach a good real estate investment market?

For investors evaluating Virginia Beach, the price-to-rent ratio of 17.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 4.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Virginia Beach's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Virginia Beach's median home price.

Frequently asked questions

What is the average home price in Virginia Beach?

The median home sale price in Virginia Beach is $426,000, up 4.4% from last year.

How long do homes stay on market in Virginia Beach?

Homes typically spend 23 days on market before going under contract.

What is the median income in Virginia Beach?

The median household income is $90,685 per year.

Is Virginia Beach a buyer's or seller's market?

With 1.8 months of supply, Virginia Beach is currently a seller's market.

How many homes are for sale in Virginia Beach?

There are currently 1010 homes listed for sale in Virginia Beach, VA.

What is the Zillow home value estimate for Virginia Beach?

The Zillow Home Value Index (ZHVI) for Virginia Beach is $432,734, representing the typical home value in the area.

What is the median condo price in Virginia Beach?

The median condo/co-op sale price in Virginia Beach, VA is $350,000, compared to $501,000 for a single-family home, based on the latest Redfin data.

How much does a single-family home cost in Virginia Beach?

The median single-family home price in Virginia Beach, VA is $501,000 (about $258 per square foot).

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