Legacy Home Team @ LPT

Virginia Beach, VA

Single-Family Homes

Legacyhomesearch.com Admin@Yourfriendlyagent.net 757-654-5059


Virginia Beach, VA

Sun May 03 2026
This week the median list price for Virginia Beach, VA is $645,000 with the market action index hovering around 57. This is an increase over last month's market action index of 55. Inventory has increased to 344. Click here to stay informed with the Virginia Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Virginia Beach, VA

Sun May 03 2026
This week the median list price for Virginia Beach, VA is $645,000 with the market action index hovering around 57. This is an increase over last month's market action index of 55. Inventory has increased to 344. Click here to stay informed with the Virginia Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Virginia Beach market.
Median List Price $645,000
Median Price of New Listings $525,000
Per Square Foot $291
Average Days on Market 58
Median Days on Market 28
Price Decreased 26%
Price Increased 1%
Relisted 12%
Inventory 344
Median Rent
Market Action 57
Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,800,250 3,730 0.25 - 0.5 acre 5 4 35 8 11 42
$844,350 2,680 4,500 - 6,500 sqft 4 3 35 15 10 21
$540,000 2,196 6,500 - 8,000 sqft 4 2.5 44 25 19 28
$394,750 1,549 - 3 2 57 33 26 10