Better Homes & Gardens Real Estate

Virginia Beach, VA

Single-Family Homes

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



Virginia Beach, VA

Thu Dec 01 2022
This week the median list price for Virginia Beach, VA is $425,000 with the market action index hovering around 44. This is less than last month's market action index of 47. Inventory has held steady at or around 460. 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

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

Thu Dec 01 2022
This week the median list price for Virginia Beach, VA is $425,000 with the market action index hovering around 44. This is less than last month's market action index of 47. Inventory has held steady at or around 460. 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

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 $425,000
Median Price of New Listings $389,450
Per Square Foot $223
Average Days on Market 63
Median Days on Market 35
Price Decreased 44%
Price Increased 2%
Relisted 14%
Inventory 460
Median Rent
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
$998,900 3,496 0.5 - 1 acre 5 3.5 29 11 10 63
$485,000 2,394 0.25 - 0.5 acre 4 2.5 35 17 16 35
$375,000 1,742 8,000 - 10,000 sqft 4 2.5 43 20 13 35
$308,100 1,360 6,500 - 8,000 sqft 3 2 57 20 21 28