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Virginia Beach Market Report

$553,863

AVERAGE PRICE OF 1,504 HOMES

$255,704

AVERAGE PRICE OF 23 DISTRESSED HOMES

$2,018,269

AVERAGE PRICE OF 148 MULTI-MILLION DOLLAR HOMES

$847,930

AVERAGE PRICE OF 144 NEWLY BUILT HOMES

$1,201,491

AVERAGE PRICE OF 122 HOMES WITH A POOL

$441,747

AVERAGE PRICE OF 48 REDUCED PRICE HOMES

Average Home

Average Price $553,863
Avg Bedrooms 3.19 beds
Avg Bathrooms 2.13 baths

Average Price by Bedrooms

1 bedroom $235,735
2 bedrooms $278,107
3 bedrooms $398,181
4 bedrooms $567,060
5 bedrooms $1,106,147
Virginia Beach Home Price Trends
  7/2022 6/2022 5/2022 4/2022 3/2022
Total Listings 1,585 n/a n/a n/a 1,228
Average Price $549,064 n/a n/a n/a $537,684
Avg Price Change n/a n/a n/a n/a +1.29%
Median Price $364,500 n/a n/a n/a $369,656
Med Price Change n/a n/a n/a n/a +3.97%
Avg Bedrooms 3.21 beds n/a n/a n/a 3.12 beds
Avg Bathrooms 2.14 baths n/a n/a n/a 2.11 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bayside 172 $330,655 42 days
First Colonial 158 $658,149 64 days
Frank W. Cox 236 $1,027,089 88 days
Green Run 159 $281,206 43 days
Kellam 179 $742,634 110 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,504 $553,863 64 days
Distressed Homes 23 $255,704 48 days
Multi-Million Dollar Homes 148 $2,018,269 153 days
Newly Built Homes 144 $847,930 148 days
Homes with a Pool 122 $1,201,491 43 days
Reduced Price Homes 48 $441,747 30 days
Broadsight Realty & Property Management
Bo Schrott Broker/Owner
313 Laskin Rd Suite, 102
Virginia Beach, VA 23451
757-367-5932
757-478-3020

©2022 REIN, Inc. Information Deemed Reliable But Not Guaranteed. The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc, (REIN) and has authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.

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REIN update its listing on a daily basis. data last updated: August 11, 2022

Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions.

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