Housing Prices in Virginia Beach, VA

How much do homes in Virginia Beach, VA cost?

Median List Price

$405,000

$231/sqft

Based on all homes listed in March 2024.

Difference Since Last Month

+$5,589(+1.4%)

Key Takeaway

The list price of homes in Virginia Beach has increased by 1.4% since February.

Summary: The median home list price in Virginia Beach was $405,000 in March 2024, up 1.4% from the previous month, and the median price per square foot was $231.

Median List Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 $270K$270K
0.0%
2 $265K$260K
-1.9%
3 $354.7K$360K
+1.5%
4 $475.3K$499.6K
+5.1%
5+ $904.9K$899.9K
-0.6%

Summary: Virginia Beach housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 0.6%.

Median List Price Compared To Nearby Cities

Chesapeake
+2.4%
Norfolk
+1.6%
Virginia Beach
+1.4%
Knotts Island
0.0%

Housing Supply in Virginia Beach, VA

How many homes are available in Virginia Beach, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,6341,752+7.2%

Summary: The Virginia Beach real estate market had 1,752 homes for sale in March 2024, a 7.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1113
+18.2%
2 236265
+12.3%
3 618667
+7.9%
4 543567
+4.4%
5+ 226240
+6.2%

Summary: The Virginia Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 6.2%.

Days on Market for Virginia Beach, VA

How long does it take to sell a home in Virginia Beach, VA?

Average Listing Age

Feb 2024Mar 2024CHANGE
77 Days78 Days+2.3%

Summary: Homes in Virginia Beach had an average listing age of 78 days in Mar 2024, up by 2.3% compared to the previous month.

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

Report Updated 18 Days Ago

Newest Listings in Virginia Beach, VA

Nearby Markets to Virginia Beach, VA

What housing markets are near Virginia Beach, VA?