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

+$4,875(+1.2%)

Key Takeaway

The list price of homes in Virginia Beach has increased by 1.2% since April.

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

# BEDSApr 2024May 2024CHANGE
1 $280K$319.9K
+14.2%
2 $273.5K$279.3K
+2.1%
3 $365K$364.9K
0%
4 $522K$519.3K
-0.5%
5+ $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
+2.8%
Virginia Beach
+1.2%
Norfolk
0.0%
Knotts Island
-12.4%

Housing Supply in Virginia Beach, VA

How many homes are available in Virginia Beach, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,7131,924+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

# BEDSApr 2024May 2024CHANGE
1 1419
+35.7%
2 275300
+9.1%
3 646760
+17.6%
4 547580
+6.0%
5+ 231265
+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 2024May 2024CHANGE
60 Days57 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Virginia Beach, VA

Nearby Markets to Virginia Beach, VA

What housing markets are near Virginia Beach, VA?