The Virginia Beach housing market is very competitive. Homes in Virginia Beach receive 3 offers on average and sell in around 20 days. The median sale price of a home in Virginia Beach was $380K last month, up 2.7% since last year. The median sale price per square foot in Virginia Beach is $222, up 5.5% since last year.
What is the housing market like in Virginia Beach today?
In April 2024, Virginia Beach home prices were up 2.7% compared to last year, selling for a median price of $380K. On average, homes in Virginia Beach sell after 20 days on the market compared to 19 days last year. There were 516 homes sold in April this year, up from 478 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$380,000
+2.7% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Virginia Beach, VA
$380,000
+2.7%
United States
To compare other locations to the Virginia Beach and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Virginia Beach add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Virginia Beach housing market?
Virginia Beach is very competitive. Homes sell in 21 days.
0
100
80
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 21 days.
Hot homes
can sell for about 3% above list price and go pending in around 11 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Virginia Beach
Explore recent offers and recently sold homes in Virginia Beach
Recent offers
Winning Offer|
11 Weeks Ago
~$350K Offer
3bd | 2.5ba | ~1,750sqft
Over List Price
0%
Days on Market
33
Competing Offers
0
Down Payment
—
John Conard
Virginia Beach Redfin Agent
Offer Not Accepted|
6 Weeks Ago
~$225K Offer
Sold for $225K
2bd | 1.5ba | ~1,000sqft
Over List Price
15%
Days on Market
18
Competing Offers
13
Down Payment
—
Marshall Osbey
Virginia Beach Redfin Agent
Offered $30,000 above list price with $15,000 appraisal gap guarantee and waived inspection. Seller accepted cash offer.…
More
Offer Not Accepted|
5 Weeks Ago
~$1M Offer
Sold for $1.25M
5bd | 5ba | ~4,000sqft
Under List Price
10%
Days on Market
15
Competing Offers
6
Down Payment
—
John Conard
Virginia Beach Redfin Agent
Offer Not Accepted|
6 Weeks Ago
~$475K Offer
Sold for $475K
4bd | 2.5ba | ~2,250sqft
Over List Price
0%
Days on Market
33
Competing Offers
8
Down Payment
—
Allen Boone
Virginia Beach Redfin Agent
Offer Not Accepted|
6 Weeks Ago
~$750K Offer
Sold for $750K
4bd | 3.5ba | ~3,000sqft
Over List Price
0%
Days on Market
2
Competing Offers
2
Down Payment
—
Marshall Osbey
Virginia Beach Redfin Agent
Offered a partial appraisal gap guarantee and info only inspection.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Virginia Beach housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Virginia Beach.
Risk Factor
Flood Factor - Moderate
43% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Virginia Beach has a moderate risk of flooding. 19,362 properties in Virginia Beach are likely to be
severely affected
by flooding over the next 30 years. This represents 43% of all properties in Virginia Beach. Flood risk is increasing faster than the national average.
30% of properties are at risk of wildfire over the next 30 years
Fire Factor
Virginia Beach has a moderate risk of wildfire. There are 43,643 properties in Virginia Beach that have some risk of being affected by wildfire over the next 30 years. This represents 30% of all properties in Virginia Beach.
99% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Virginia Beach has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Virginia Beach is most at risk from hurricanes. 142,264 properties in Virginia Beach have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 169 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 186 mph.