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Virginia Beach Market Report

$547,314

AVERAGE PRICE OF 1,538 HOMES

$263,443

AVERAGE PRICE OF 23 DISTRESSED HOMES

$2,036,215

AVERAGE PRICE OF 142 MULTI-MILLION DOLLAR HOMES

$871,281

AVERAGE PRICE OF 140 NEWLY BUILT HOMES

$1,155,858

AVERAGE PRICE OF 125 HOMES WITH A POOL

$499,856

AVERAGE PRICE OF 55 REDUCED PRICE HOMES

Average Home

Average Price $547,314
Avg Bedrooms 3.19 beds
Avg Bathrooms 2.11 baths

Average Price by Bedrooms

1 bedroom $231,472
2 bedrooms $278,801
3 bedrooms $394,302
4 bedrooms $564,643
5 bedrooms $1,076,731
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 166 $328,698 45 days
First Colonial 160 $666,222 66 days
Frank W. Cox 239 $994,670 90 days
Green Run 168 $278,009 44 days
Kellam 184 $739,296 109 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,538 $547,314 65 days
Distressed Homes 23 $263,443 49 days
Multi-Million Dollar Homes 142 $2,036,215 163 days
Newly Built Homes 140 $871,281 155 days
Homes with a Pool 125 $1,155,858 45 days
Reduced Price Homes 55 $499,856 35 days
RE/MAX Edge
Chad Ingram
120 S. Lynnhaven Rd, Ste 204
Virginia Beach, VA 23452
757-226-9007

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REIN update its listing on a daily basis. data last updated: August 17, 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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