Better Homes & Gardens Real Estate

Virginia Beach, VA

Single-Family Homes

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



Virginia Beach, VA

Thu Sep 21 2023
This week the median list price for Virginia Beach, VA is $489,900 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has held steady at or around 402. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Virginia Beach, VA

Thu Sep 21 2023
This week the median list price for Virginia Beach, VA is $489,900 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has held steady at or around 402. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Virginia Beach market.
Median List Price $489,900
Median Price of New Listings $475,000
Per Square Foot $235
Average Days on Market 54
Median Days on Market 28
Price Decreased 41%
Price Increased 3%
Relisted 10%
Inventory 402
Median Rent
Market Action 56
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
$1,039,950 3,504 0.5 - 1 acre 5 3.5 32 15 13 70
$599,000 2,607 0.25 - 0.5 acre 4 2.5 34 14 17 28
$429,900 1,954 8,000 - 10,000 sqft 4 2.5 38 19 22 21
$335,000 1,452 6,500 - 8,000 sqft 3 2 52 19 31 21