Legacy Home Team @ LPT
Virginia Beach, VA
Single-Family Homes
Legacyhomesearch.com Admin@Yourfriendlyagent.net 757-654-5059
Virginia Beach, VA
Wed Apr 01 2026
This week the median list price for Virginia Beach, VA is $639,500 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has increased to 306.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $639,500 | |
| Median Price of New Listings | $562,500 | |
| Per Square Foot | $278 | |
| Average Days on Market | 67 | |
| Median Days on Market | 28 | |
| Price Decreased | 26% | |
| Price Increased | 0% | |
| Relisted | 12% | |
| Inventory | 306 | |
| Median Rent | ||
| Market Action | 52 | |
| Strong Seller's Market | ||
Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,599,000 | 3,690 | 0.25 - 0.5 acre | 5 | 4 | 38 | 13 | 10 | 49 |
| $839,450 | 2,738 | 0.25 - 0.5 acre | 4 | 3 | 29 | 15 | 9 | 28 |
| $535,000 | 2,116 | 6,500 - 8,000 sqft | 4 | 2.5 | 42 | 15 | 17 | 21 |
| $392,500 | 1,559 | - | 3 | 2 | 51 | 19 | 25 | 21 |