Is Virginia Beach, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Virginia Beach has remained a Seller's Market.
Housing Prices in Virginia Beach, VA
How much do homes in Virginia Beach, VA cost?
Median Sold Price
$163,000
$199/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Virginia Beach was $163,000 in April 2024, down 79.6% from last month, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $163K | N/A |
3 Bedrooms | $800K | - | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Virginia Beach housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Corolla | $902K | $980K | +8.6% |
Virginia Beach | $800K | $163K | -79.6% |
Housing Supply in Virginia Beach, VA
How many homes are available in Virginia Beach, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,599 | 1,827 | +14.3% |
Summary: The Virginia Beach real estate market had 1,827 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 15 | +36.4% |
2 Bedrooms | 250 | 294 | +17.6% |
3 Bedrooms | 620 | 683 | +10.2% |
4 Bedrooms | 504 | 583 | +15.7% |
5+ Bedrooms | 214 | 252 | +17.8% |
Summary: The Virginia Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 17.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
445 | 447 | 0.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 447 homes were sold or pending in Virginia Beach in April 2024, up by 0.4% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Virginia Beach, VA
How long does it take to sell a home in Virginia Beach, VA?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 22 Days | -24.0% |
Summary: Homes in Virginia Beach had an average of 22 days on market in Apr 2024, down by 24% compared to last month.
Breakdown of Home Sale Times
337 Homes Were Sold
Under 30 Days
89 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During April 2024, 447 homes were sold in Virginia Beach; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.