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Virginia Beach Market Report

$476,317

AVERAGE PRICE OF 1,679 HOMES

$265,878

AVERAGE PRICE OF 19 DISTRESSED HOMES

$2,014,020

AVERAGE PRICE OF 113 MULTI-MILLION DOLLAR HOMES

$639,232

AVERAGE PRICE OF 180 NEWLY BUILT HOMES

$1,032,656

AVERAGE PRICE OF 139 HOMES WITH A POOL

$550,850

AVERAGE PRICE OF 12 REDUCED PRICE HOMES

Average Home

Average Price $476,317
Avg Bedrooms 3.16 beds
Avg Bathrooms 2.14 baths

Average Price by Bedrooms

1 bedroom $180,584
2 bedrooms $238,499
3 bedrooms $340,560
4 bedrooms $503,493
5 bedrooms $912,655
Virginia Beach Home Price Trends
  1/2021 12/2020 11/2020 10/2020 9/2020
Total Listings 1,578 1,774 2,030 2,124 2,253
Average Price $485,860 $481,641 $476,394 $476,213 $476,716
Avg Price Change +0.88% +1.10% +0.04% -0.11% -2.17%
Median Price $324,794 $321,452 $323,465 $329,537 $334,229
Med Price Change +1.04% -0.63% -1.88% -1.42% -3.98%
Avg Bedrooms 3.19 beds 3.21 beds 3.26 beds 3.29 beds 3.32 beds
Avg Bathrooms 2.16 baths 2.18 baths 2.22 baths 2.25 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bayside 214 $290,092 53 days
First Colonial 193 $688,781 108 days
Frank W. Cox 279 $778,582 104 days
Green Run 175 $235,876 38 days
Kellam 217 $575,916 122 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,679 $476,317 82 days
Distressed Homes 19 $265,878 229 days
Multi-Million Dollar Homes 113 $2,014,020 192 days
Newly Built Homes 180 $639,232 141 days
Homes with a Pool 139 $1,032,656 71 days
Reduced Price Homes 12 $550,850 57 days
Broadsight Realty & Property Management
Bo Schrott Broker/Owner
313 Laskin Rd Suite, 102
Virginia Beach, VA 23451
757-367-5932
757-478-3020

©2021 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: February 27, 2021

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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