What is the typical home value in Virginia Beach - VA?

The typical home in Virginia Beach - VA, VA is worth $371,148 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +2.3%.

How long do homes stay on the market in Virginia Beach - VA?

The median days to pending (time on market before a sale) in Virginia Beach - VA is currently 25 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Virginia Beach - VA?

17.9% of active listings in Virginia Beach - VA have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

Is Virginia Beach - VA a buyer's or seller's market?

Based on days-on-market, price-cut share, and year-over-year appreciation, Virginia Beach - VA is currently a balanced market. Buyers should watch days-on-market and price-cut trends monthly.

Virginia Beach - VA Housing Market | Home Values & Trends

How to read this data

The typical home value ($371,148) is the Zillow Home Value Index for the Virginia Beach - VA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 2.3% over the past year. In Virginia Beach - VA, that means a home worth $362,804 last year is now worth roughly $371,148.

The median sale price , what homes actually close for , is $349,080. Homes are selling at 99.2% of list price, meaning buyers have room to negotiate.

Homes listed in Virginia Beach - VA sit on the market for roughly 25 days before going pending. Shorter = seller's market; longer = buyer's market.

About 17.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 2,416 new listings hit the market each month in Virginia Beach - VA. There are currently 6,372 homes for sale, up 4.6% from a year ago.

The typical monthly rent in Virginia Beach - VA is $1,843, up 5.9% year over year. For investors, the price-to-rent ratio here is roughly 17x annual rent.