BOLD REALTY MARKET REPORT

Virginia Beach, VA

Single-Family Homes

TOM MILAN 757-777-7577



Virginia Beach, VA

Thu Jan 21 2021
This week the median list price for Virginia Beach, VA is $424,900 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has held steady at or around 381. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Virginia Beach, VA

Thu Jan 21 2021
This week the median list price for Virginia Beach, VA is $424,900 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has held steady at or around 381. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Virginia Beach market.
Median List Price $424,900
Per Square Foot $194
Days on Market 107
Price Decreased 23%
Price Increased 5%
Relisted 7%
Inventory 381
Median Rent $1,950
Most Expensive $11,800,000
Least Expensive $149,900
Market Action 56
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,285,000 4,000 0.5 - 1 acre 5 4 26 6 4 258
$575,000 2,782 0.25 - 0.5 acre 4 3 24 18 18 86
$335,000 1,985 8,000 - 10,000 sqft 4 2 38 24 29 34
$245,000 1,400 6,500 - 8,000 sqft 3 2 50 23 30 47