Virginia Beach Market Report
$599,594
AVERAGE PRICE OF 1,087 HOMES$278,958
AVERAGE PRICE OF 23 DISTRESSED HOMES$1,997,018
AVERAGE PRICE OF 122 MULTI-MILLION DOLLAR HOMES$799,017
AVERAGE PRICE OF 134 NEWLY BUILT HOMES$980,309
AVERAGE PRICE OF 86 HOMES WITH A POOL$500,653
AVERAGE PRICE OF 20 REDUCED PRICE HOMESAverage Home
| Average Price | $599,594 |
| Avg Bedrooms | 3.22 beds |
| Avg Bathrooms | 2.17 baths |
Average Price by Bedrooms
| 1 bedroom | $230,307 |
| 2 bedrooms | $303,828 |
| 3 bedrooms | $420,571 |
| 4 bedrooms | $608,579 |
| 5 bedrooms | $1,047,039 |
Virginia Beach Home Price Trends
| 2/2023 | 1/2023 | 12/2022 | 11/2022 | 10/2022 | |
|---|---|---|---|---|---|
| Total Listings | 1,019 | 1,007 | 1,118 | 1,228 | 1,250 |
| Average Price | $595,026 | $584,935 | $574,632 | $571,193 | $579,675 |
| Avg Price Change | +1.73% | +1.79% | +0.60% | -1.48% | +1.15% |
| Median Price | $388,068 | $376,796 | $375,598 | $376,422 | $381,650 |
| Med Price Change | +2.99% | +0.32% | -0.22% | -1.39% | +1.00% |
| Avg Bedrooms | 3.18 beds | 3.17 beds | 3.2 beds | 3.2 beds | 3.21 beds |
| Avg Bathrooms | 2.14 baths | 2.1 baths | 2.11 baths | 2.12 baths | 2.13 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Bayside | 122 | $340,565 | 47 days |
| First Colonial | 111 | $772,209 | 81 days |
| Frank W. Cox | 181 | $1,021,371 | 67 days |
| Green Run | 92 | $296,736 | 41 days |
| Kellam | 169 | $738,926 | 107 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,087 | $599,594 | 69 days |
| Distressed Homes | 23 | $278,958 | 64 days |
| Multi-Million Dollar Homes | 122 | $1,997,018 | 146 days |
| Newly Built Homes | 134 | $799,017 | 121 days |
| Homes with a Pool | 86 | $980,309 | 40 days |
| Reduced Price Homes | 20 | $500,653 | 37 days |
