Better Homes & Gardens Real Estate

Virginia Beach, VA

Single-Family Homes

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



Virginia Beach, VA

Thu Mar 28 2024
This week the median list price for Virginia Beach, VA is $598,000 with the market action index hovering around 66. This is an increase over last month's market action index of 59. Inventory has decreased to 205. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Virginia Beach, VA

Thu Mar 28 2024
This week the median list price for Virginia Beach, VA is $598,000 with the market action index hovering around 66. This is an increase over last month's market action index of 59. Inventory has decreased to 205. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Virginia Beach market.
Median List Price $598,000
Median Price of New Listings $439,000
Per Square Foot $266
Average Days on Market 71
Median Days on Market 28
Price Decreased 31%
Price Increased 3%
Relisted 12%
Inventory 205
Median Rent
Market Action 66
Strong Seller's Market

Prices are climbing and we’re nearing the market’s all time high. 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
$1,725,000 3,683 0.5 - 1 acre 5 4 46 5 6 70
$799,000 2,700 0.25 - 0.5 acre 4 3 30 9 12 28
$474,900 2,100 0.25 - 0.5 acre 4 2.5 45 19 20 14
$355,000 1,428 6,500 - 8,000 sqft 3 2 57 26 29 14