Better Homes & Gardens Real Estate

Virginia Beach, VA

Single-Family Homes

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



Virginia Beach, VA

Sat Nov 27 2021
This week the median list price for Virginia Beach, VA is $425,000 with the market action index hovering around 64. This is an increase over last month's market action index of 60. Inventory has decreased to 310. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Virginia Beach, VA

Sat Nov 27 2021
This week the median list price for Virginia Beach, VA is $425,000 with the market action index hovering around 64. This is an increase over last month's market action index of 60. Inventory has decreased to 310. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Virginia Beach market.
Median List Price $425,000
Median Price of New Listings $389,500
Per Square Foot $212
Average Days on Market 69
Median Days on Market 21
Price Decreased 33%
Price Increased 3%
Relisted 11%
Inventory 310
Median Rent $2,050
Market Action 64
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,125,000 3,549 0.5 - 1 acre 5 3.5 28 17 26 84
$499,900 2,560 0.25 - 0.5 acre 4 2.5 37 36 42 14
$361,000 1,806 8,000 - 10,000 sqft 4 2.5 48 39 47 7
$279,950 1,409 6,500 - 8,000 sqft 3 2 56 36 53 24