Virginia Beach Market Report
$476,233
AVERAGE PRICE OF 1,963 HOMES$255,618
AVERAGE PRICE OF 38 DISTRESSED HOMES$1,998,603
AVERAGE PRICE OF 137 MULTI-MILLION DOLLAR HOMES$616,101
AVERAGE PRICE OF 234 NEWLY BUILT HOMES$974,307
AVERAGE PRICE OF 179 HOMES WITH A POOL$300,515
AVERAGE PRICE OF 13 REDUCED PRICE HOMESAverage Home
| Average Price | $476,233 |
| Avg Bedrooms | 3.23 beds |
| Avg Bathrooms | 2.2 baths |
Average Price by Bedrooms
| 1 bedroom | $192,778 |
| 2 bedrooms | $227,593 |
| 3 bedrooms | $332,074 |
| 4 bedrooms | $498,759 |
| 5 bedrooms | $895,557 |
Virginia Beach Home Price Trends
| 10/2020 | 9/2020 | 8/2020 | 7/2020 | 6/2020 | |
|---|---|---|---|---|---|
| Total Listings | 2,124 | 2,253 | 2,314 | 2,478 | 2,495 |
| Average Price | $476,213 | $476,716 | $487,054 | $480,865 | $477,365 |
| Avg Price Change | -0.11% | -2.17% | +1.29% | +0.73% | +1.03% |
| Median Price | $329,537 | $334,229 | $347,530 | $349,101 | $346,988 |
| Med Price Change | -1.42% | -3.98% | -0.45% | +0.61% | +0.85% |
| Avg Bedrooms | 3.29 beds | 3.32 beds | 3.38 beds | 3.4 beds | 3.38 beds |
| Avg Bathrooms | 2.25 baths | 2.26 baths | 2.29 baths | 2.29 baths | 2.3 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Bayside | 233 | $264,274 | 65 days |
| First Colonial | 212 | $662,946 | 113 days |
| Frank W. Cox | 313 | $834,118 | 105 days |
| Green Run | 175 | $235,906 | 43 days |
| Kellam | 281 | $564,100 | 136 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,963 | $476,233 | 87 days |
| Distressed Homes | 38 | $255,618 | 156 days |
| Multi-Million Dollar Homes | 137 | $1,998,603 | 196 days |
| Newly Built Homes | 234 | $616,101 | 152 days |
| Homes with a Pool | 179 | $974,307 | 83 days |
| Reduced Price Homes | 13 | $300,515 | 22 days |
