Housing Prices in Virginia Beach, VA
How much do homes in Virginia Beach, VA cost?
Median List Price
$422,575
$238/sqft
Based on all homes listed in May 2024.
Difference Since Last Month
Summary: The median home list price in Virginia Beach was $422,575 in May 2024, up 1.2% from the previous month, and the median price per square foot was $238.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $319.9K | +14.2% |
2 Bedrooms | $273.5K | $279.3K | +2.1% |
3 Bedrooms | $365K | $364.9K | 0% |
4 Bedrooms | $522K | $519.3K | -0.5% |
5+ Bedrooms | $929.9K | $929.9K | 0.0% |
Summary: Virginia Beach housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 2.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
Chesapeake | $432.8K | $444.9K | +2.8% |
Virginia Beach | $417.7K | $422.5K | +1.2% |
Norfolk | $320K | $320K | 0.0% |
Knotts Island | $507.5K | $444.7K | -12.4% |
Housing Supply in Virginia Beach, VA
How many homes are available in Virginia Beach, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,713 | 1,924 | +12.3% |
Summary: The Virginia Beach real estate market had 1,924 homes for sale in May 2024, a 12.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 19 | +35.7% |
2 Bedrooms | 275 | 300 | +9.1% |
3 Bedrooms | 646 | 760 | +17.6% |
4 Bedrooms | 547 | 580 | +6.0% |
5+ Bedrooms | 231 | 265 | +14.7% |
Summary: The Virginia Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35.7%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 14.7%.
Days on Market for Virginia Beach, VA
How long does it take to sell a home in Virginia Beach, VA?
Average Listing Age
Apr 2024 | May 2024 | CHANGE |
---|---|---|
60 Days | 57 Days | -5.1% |
Summary: Homes in Virginia Beach had an average listing age of 57 days in May 2024, down by 5.1% compared to the previous month.