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Virginia Beach

Why you'd want to live in Virginia Beach

Virginia Beach, a coastal city in southeastern Virginia, lies where the Chesapeake Bay meets the Atlantic Ocean. A 3-mile boardwalk stretches along its beach-lined oceanfront. The bayside First Landing State Park marks the 1607 arrival of the Jamestown colonists from England. The Virginia Aquarium & Marine Science Center exhibits ocean life including sharks, rays and sea turtles in globally themed habitats.

Virginia Beach Market Report

$642,169

AVERAGE PRICE OF 1,209 HOMES

$276,138

AVERAGE PRICE OF 21 DISTRESSED HOMES

$2,038,872

AVERAGE PRICE OF 153 MULTI-MILLION DOLLAR HOMES

$837,625

AVERAGE PRICE OF 135 NEWLY BUILT HOMES

$1,084,246

AVERAGE PRICE OF 112 HOMES WITH A POOL

$551,059

AVERAGE PRICE OF 40 REDUCED PRICE HOMES

Average Home

Average Price $642,169
Avg Bedrooms 3.23 beds
Avg Bathrooms 2.17 baths

Average Price by Bedrooms

1 bedroom $1,072,975
2 bedrooms $304,783
3 bedrooms $451,582
4 bedrooms $670,175
5 bedrooms $954,011
Virginia Beach Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 1,199 1,120 1,027 1,019 1,007
Average Price $623,273 $607,749 $605,726 $595,026 $584,935
Avg Price Change +2.55% +0.33% +1.80% +1.73% +1.79%
Median Price $408,903 $400,254 $393,016 $388,068 $376,796
Med Price Change +2.16% +1.84% +1.28% +2.99% +0.32%
Avg Bedrooms 3.24 beds 3.24 beds 3.22 beds 3.18 beds 3.17 beds
Avg Bathrooms 2.18 baths 2.17 baths 2.17 baths 2.14 baths 2.1 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bayside 114 $372,081 37 days
First Colonial 127 $824,856 76 days
Frank W. Cox 235 $1,104,145 61 days
Kellam 186 $731,287 96 days
Salem 101 $364,641 39 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,209 $642,169 60 days
Distressed Homes 21 $276,138 67 days
Multi-Million Dollar Homes 153 $2,038,872 113 days
Newly Built Homes 135 $837,625 94 days
Homes with a Pool 112 $1,084,246 35 days
Reduced Price Homes 40 $551,059 44 days