Better Homes & Gardens Real Estate

Virginia Beach, VA

Single-Family Homes

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


Virginia Beach, VA

Wed Aug 04 2021
This week the median list price for Virginia Beach, VA is $389,900 with the market action index hovering around 67. This is less than last month's market action index of 70. Inventory has held steady at or around 546. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Virginia Beach, VA

Wed Aug 04 2021
This week the median list price for Virginia Beach, VA is $389,900 with the market action index hovering around 67. This is less than last month's market action index of 70. Inventory has held steady at or around 546. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Virginia Beach market.
Median List Price $389,900
Median Price of New Listings $375,000
Per Square Foot $202
Average Days on Market 45
Median Days on Market 14
Price Decreased 23%
Price Increased 3%
Relisted 6%
Inventory 546
Median Rent $2,200
Market Action 67
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
$897,000 3,500 0.5 - 1 acre 5 4 29 15 18 38
$452,500 2,327 0.25 - 0.5 acre 4 2 31 43 45 10
$335,000 1,828 8,000 - 10,000 sqft 4 2 42 33 40 14
$277,000 1,424 6,500 - 8,000 sqft 3 2 46 42 33 14