Virginia Beach Market Report
$574,661
AVERAGE PRICE OF 1,183 HOMES$250,468
AVERAGE PRICE OF 16 DISTRESSED HOMES$1,982,464
AVERAGE PRICE OF 124 MULTI-MILLION DOLLAR HOMES$811,011
AVERAGE PRICE OF 147 NEWLY BUILT HOMES$1,094,204
AVERAGE PRICE OF 94 HOMES WITH A POOL$490,295
AVERAGE PRICE OF 27 REDUCED PRICE HOMESAverage Home
| Average Price | $574,661 |
| Avg Bedrooms | 3.21 beds |
| Avg Bathrooms | 2.12 baths |
Average Price by Bedrooms
| 1 bedroom | $235,764 |
| 2 bedrooms | $293,350 |
| 3 bedrooms | $415,167 |
| 4 bedrooms | $561,192 |
| 5 bedrooms | $996,035 |
Virginia Beach Home Price Trends
| 11/2022 | 10/2022 | 9/2022 | 8/2022 | 7/2022 | |
|---|---|---|---|---|---|
| Total Listings | n/a | 1,250 | 1,408 | 1,530 | 1,585 |
| Average Price | n/a | $579,675 | $573,080 | $551,060 | $549,064 |
| Avg Price Change | n/a | +1.15% | +4.00% | +0.36% | n/a |
| Median Price | n/a | $381,650 | $377,886 | $366,026 | $364,500 |
| Med Price Change | n/a | +1.00% | +3.24% | +0.42% | n/a |
| Avg Bedrooms | n/a | 3.21 beds | 3.21 beds | 3.19 beds | 3.21 beds |
| Avg Bathrooms | n/a | 2.13 baths | 2.14 baths | 2.12 baths | 2.14 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Bayside | 121 | $365,413 | 54 days |
| First Colonial | 110 | $687,492 | 97 days |
| Frank W. Cox | 190 | $1,037,222 | 103 days |
| Green Run | 119 | $290,935 | 41 days |
| Kellam | 162 | $726,970 | 116 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,183 | $574,661 | 81 days |
| Distressed Homes | 16 | $250,468 | 70 days |
| Multi-Million Dollar Homes | 124 | $1,982,464 | 196 days |
| Newly Built Homes | 147 | $811,011 | 165 days |
| Homes with a Pool | 94 | $1,094,204 | 63 days |
| Reduced Price Homes | 27 | $490,295 | 35 days |
