Better Homes & Gardens Real Estate

Virginia Beach, VA

Single-Family Homes

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



Virginia Beach, VA

Sat Feb 04 2023
This week the median list price for Virginia Beach, VA is $434,950 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has decreased to 364. 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.

Slight Seller's Advantage

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

Sat Feb 04 2023
This week the median list price for Virginia Beach, VA is $434,950 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has decreased to 364. 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.

Slight Seller's Advantage

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 $434,950
Median Price of New Listings $397,000
Per Square Foot $230
Average Days on Market 74
Median Days on Market 42
Price Decreased 35%
Price Increased 1%
Relisted 14%
Inventory 364
Median Rent
Market Action 43
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$1,035,900 3,626 0.25 - 0.5 acre 5 3.5 19 11 8 63
$525,000 2,400 0.25 - 0.5 acre 4 2.5 36 13 18 49
$380,000 1,768 8,000 - 10,000 sqft 4 2.5 41 18 17 28
$315,000 1,428 6,500 - 8,000 sqft 3 2 55 16 20 49