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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 HOMES

Average 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
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: December 1, 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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