BOLD REALTY MARKET REPORT

Virginia Beach, VA

Single-Family Homes

TOM MILAN 757-777-7577



Virginia Beach, VA

Tue Oct 19 2021
This week the median list price for Virginia Beach, VA is $395,000 with the market action index hovering around 62. This is an increase over last month's market action index of 61. Inventory has decreased to 515. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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

Tue Oct 19 2021
This week the median list price for Virginia Beach, VA is $395,000 with the market action index hovering around 62. This is an increase over last month's market action index of 61. Inventory has decreased to 515. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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 $395,000
Median Price of New Listings $367,450
Per Square Foot $206
Average Days on Market 56
Median Days on Market 21
Price Decreased 29%
Price Increased 4%
Relisted 9%
Inventory 515
Median Rent $2,100
Market Action 62
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
$850,000 3,272 0.5 - 1 acre 4 3 28 14 20 66
$450,000 2,396 0.25 - 0.5 acre 4 2 29 30 27 14
$350,000 1,743 8,000 - 10,000 sqft 3 2 38 30 37 14
$279,000 1,400 6,500 - 8,000 sqft 3 2 53 32 37 14