Better Homes & Gardens Real Estate

Virginia Beach, VA

Single-Family Homes

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



Virginia Beach, VA

Fri Sep 30 2022
This week the median list price for Virginia Beach, VA is $448,999 with the market action index hovering around 52. This is less than last month's market action index of 56. Inventory has decreased to 445. 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

Fri Sep 30 2022
This week the median list price for Virginia Beach, VA is $448,999 with the market action index hovering around 52. This is less than last month's market action index of 56. Inventory has decreased to 445. 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 $448,999
Median Price of New Listings $424,950
Per Square Foot $220
Average Days on Market 52
Median Days on Market 28
Price Decreased 39%
Price Increased 2%
Relisted 10%
Inventory 445
Median Rent
Market Action 52
Strong Seller's Market

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
$1,150,000 3,700 0.5 - 1 acre 5 3.5 33 12 10 49
$524,950 2,400 0.25 - 0.5 acre 4 2.5 36 17 13 28
$399,900 1,977 8,000 - 10,000 sqft 4 2.5 43 16 17 21
$314,900 1,406 6,500 - 8,000 sqft 3 2 54 17 26 28