Barry Jenkins Jr - Your Friend in Real Estate Team

Virginia Beach, VA

Single-Family Homes

www.virginiabeachrealtysearch.com Barry@yourfriendlyagent.net (757) 965-6982



Virginia Beach, VA

Sat Jul 04 2020
This week the median list price for Virginia Beach, VA is $474,900 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has held steady at or around 719. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Virginia Beach, VA

Sat Jul 04 2020
This week the median list price for Virginia Beach, VA is $474,900 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has held steady at or around 719. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Virginia Beach market.
Median List Price $474,900
Per Square Foot $184
Days on Market 143
Price Decreased 25%
Price Increased 3%
Relisted 11%
Inventory 719
Median Rent $1,575
Most Expensive $6,950,000
Least Expensive $109,900
Market Action 44
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
$1,175,000 4,204 0.5 - 1 acre 5 5 25 13 15 305
$615,000 3,056 0.25 - 0.5 acre 4 3 24 26 26 154
$392,400 2,365 0.25 - 0.5 acre 4 3 29 41 43 58
$259,900 1,540 6,500 - 8,000 sqft 3 2 43 46 47 55